Date Prepared: 13th November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).
Overview
Wellington Point is a prestigious bayside suburb located 22 km southeast of Brisbane CBD. Known for its scenic waterfront views, historic charm, and family-friendly community, Wellington Point offers a mix of luxury and convenience.
Demographics
- Population: Approximately 12,350 (2021 Census, ABS).
- Median Age: 41 years, indicative of families and middle-aged professionals.
- Dwelling Type: Predominantly standalone houses, with a growing number of modern townhouses and units.
- Ownership: High levels of owner-occupiers, reflecting long-term residential stability.
Property Market (2024)
Houses
- Median Sale Price: $1,180,000 (+12.9% annual growth).
- Median Weekly Rent: $750.
- Rental Yield: 3.4%.
- Sales Volume: 208 house sales in the past 12 months.
Units
- Median Sale Price: $680,000 (+19.8% annual growth).
- Median Weekly Rent: $580.
- Rental Yield: 4.4%.
Long-Term Trends (2006–2024)
- Wellington Point’s property market has shown strong and steady growth, with house prices increasing from $412,500 in 2006 to $1,180,000 in 2024.
Recent Notable Sales
- 5 Discovery Place: Sold for $1,500,000 (Nov 2024).
- 19 Starkey Street: Sold for $6,540,000 (Sep 2024).
- 28 Prunda Circuit: Sold for $1,349,000 (Oct 2024).
Source: Pricefinder, Your Investment Property Magazine.
Education
Wellington Point provides access to reputable schools:
- Primary Schools:
- Wellington Point State School.
- Birkdale South State School.
- Secondary Schools:
- Wellington Point State High School.
- Private Schools:
- Ormiston College (Prep to Year 12), located nearby in Ormiston.
Source: Queensland Department of Education, Landchecker.
Amenities and Lifestyle
Shopping
- Wellington Point Village: Features boutique shops, cafes, and essential services.
- Nearby Options: Capalaba Central and Capalaba Park Shopping Centres provide larger retail and entertainment offerings.
Parks and Recreation
- Wellington Point Reserve: A popular spot for water activities, picnics, and scenic views.
- King Island Walk: A unique tidal walk to King Island accessible during low tide.
- Hilliards Creek Conservation Area: Offers walking trails and nature experiences.
Source: Google, Walkscore.
Transport and Accessibility
- Road Network:
- Easily accessible via Birkdale Road and Old Cleveland Road East for connections to Brisbane and surrounding suburbs.
- Public Transport:
- Wellington Point train station provides regular services to Brisbane CBD.
- Local bus routes connect Wellington Point to neighboring areas.
- Walkability:
- Moderate; local shops, parks, and schools are easily accessible on foot.
Source: TMR Queensland, Walkscore.
Recent and Planned Developments
- Luxury Homes: Increasing construction of high-end waterfront properties catering to premium buyers.
- Community Upgrades: Planned enhancements to parks and local facilities by Redland City Council.
Source: Pricefinder, Your Investment Property Magazine.
Community and Employment
- Employment Sectors:
- Dominated by education, healthcare, retail, and professional services.
- Community Activities:
- Regular markets, cultural events, and recreational programs create a vibrant community.
Source: ABS, Your Investment Property Magazine.
Key Statistics at a Glance
| Metric | Value |
|---|---|
| Population | ~12,350 (2021 Census). |
| Median House Price (2024) | $1,180,000. |
| Median Rent (Houses) | $750/week. |
| Rental Yield (Houses) | 3.4%. |
| Median Unit Price (2024) | $680,000. |
| Median Rent (Units) | $580/week. |
| Rental Yield (Units) | 4.4%. |
| Notable Parks | Wellington Point Reserve, King Island Walk, Hilliards Creek Conservation Area. |
| Transport Access | Wellington Point Train Station, Birkdale Road. |
Conclusion
Wellington Point combines coastal living with modern convenience, offering strong investment potential and a high-quality lifestyle. Its thriving property market, excellent schools, and vibrant community make it a standout suburb in Redland City.