Thinking about buying in Wacol? Now could not be a better time, with a whopping 1231 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $438,000 with prices in this suburb ranging from $65,000 to $2,376,000.Distance to the coast is 26 Km.
In Wacol there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Wacol is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Wacol changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. High density population in Wacol requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Wacol we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Wacol a better buying opportunity than it may have been in the past.
|Median Weekly Rent||$218.80|
|Median Monthly Mortgage||$540.60|
|Median Persons Per Bedroom||0.62|
|Average Household Size||2.00|
|Average Cars Per Dwelling||2.36|
|Average Properties Within 50M||10.00|
|50 WILGA ST, WACOL, QLD, 4076||3||1||2||Offers Over $1,100,000|
|27 WILGA ST, WACOL, QLD, 4076||3||1||2||Under Contract|
Carole Park State School
Brisbane Youth Education and Training Centre(While the above schools are located with the suburb of Wacol there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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