Wilston Buyers Agent’s Guide

Are you looking to purchase a home or investment property in Wilston? As a Wilston Buyer’s Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Wilston property purchase!

 

Description

Wilston is a quiet, leafy inner city suburb located 3.4km north of the Brisbane CBD. Wilston is known for its character homes and café culture. The suburbs of Herston, Kelvin Grove, Newmarket, Alderley, Grange, Lutwyche and Windsor border Wilston.

Demographics

The population of Wilston in 2011 was around 3,866 and continues to grow. 63% of households in Wilston are owner occupied and consist predominantly of professional couples with children.

 

Shops, restaurants and entertainment

Wilston Village, the suburb’s main shopping and café precinct, is located in Kedron Brook Road. A larger supermarket is only a few minutes’ drive away in neighbouring Newmarket.

 

Transport

Wilston train station is centrally located within walking distance from most areas of Wilston. Trains provide quick and convenient access to the Brisbane CBD.

 

Schools

The area is home to a number of great private and public schools including St Columba’s Primary School and Wilston State School.

 

Parks and Green spaces

There are several parks, sports grounds and green spaces along Enoggera Creek in the southern part of the suburb. Wilston is also close to the Kedron Brook Bikeway located north of the suburb providing many kilometres of bicycle and walking paths. A very popular dog off-leash area is also located along Kedron Brook.

Enoggera Creek Bikeway is used by many local residents to commute to the city.

 

Major employers

Most residents commute to the Brisbane CBD for work.

 

Most and least desirable areas

An area known as Wilston Hill (located north of the train line) is the most desirable part of Wilston. Homes in this area have elevated suburban and city views.

Traffic noise can be an issue for properties close to major thoroughfares including Newmarket Road and Kedron Brook Road. Buyers should check the Brisbane City Council Flood Maps, as some areas (particularly south of the train line and closest to Enoggera Creek) are susceptible to flooding.

 

Housing type and typical block size

The vast majority (67%) of properties in Wilston are free standing houses.

The suburb is particularly well known for its character cottages built in the 1930s. A typical block size for this type of home is 600m2, very generous considering the suburb’s proximity to the Brisbane CBD.

 

What can my money buy in Wilston?

 

The median house price in Wilston is $1,200,000, which is well above Brisbane’s median.

The median house price in Wilston would typically buy a 4 bedroom, 2 bathroom character home on a 405m2 block. For example: 61 Main Avenue, Wilston – sold $1,110,000 (March 2017) Click to view listing.

The median unit price in Wilston is: $420,800

This amount would typically buy a 2 bedroom, 2 bathroom, 1 garage unit in an older style complex in fair condition. For example: 4/9 Kedron Brook Road, Wilston – sold for $405,000 (March 2017) Click to view listing

 

How has the Wilston property market been performing?

 

In the last 5 years the median house price has increased by 36.7%. Over the last 10 years, house prices have increased by 5.8% per annum.

 

The units market in Wilston has not performed well in recent years. In the last 5 years the median price of units has decreased by 15.8%. On average, over the last 10 years unit prices have increased by 2.8% per annum.

Supply and demand characteristics for Wilston:

  • Houses are typically selling within 72 days (Units typically sell within 51 days).
  • On average houses are selling 7% below their list price. (Units typically sell 6% below their list price).
  • The auction clearance rate for houses is 35% (compared to 100% for units).
  • The average rental yield for houses is 2.6% (compared to 4.7% for units).
  • There is a shortage of houses currently listed for sale (1.03%), (There is also a shortage of units currently listed for sale (0.8%)).
  • The rental vacancy rate for houses is 3.9% (the same as for units 3.9%).

**Statistics are accurate for July 2017

 

Thinking about buying a property in Wilston? Our Wilston Buyer’s Agent is more than happy to have a chat. Please contact us.

For information about other Brisbane suburbs click here.