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ABS 2021 Census · Updated 21 May 2026
Wavell Heights is an inner-city suburb of Brisbane, Australia, with a population of approximately 10,336, making it a smaller community. Located approximately 9 km from the Brisbane CBD, Wavell Heights is a inner city area in Queensland. The median household income is $135,980 per year.
Strong household incomes in Wavell Heights underpin solid property demand. Close CBD access strengthens tenant appeal and resale value.
Official Australia Post postcode for Wavell Heights. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 3 schools within or near this suburb.
Find schools near Wavell Heights on My School →Estimated 4 parks and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Wavell Heights's population of 10,336 sits 89% above the Queensland suburb median of 5,474, giving it a wider tenant and buyer catchment than the average QLD locality. Median household income of $135,980/year runs 51% above the Queensland suburb median of $90,298, indicating strong purchasing power and the type of demographic profile that tends to sustain premium property prices through market cycles. Rent of $421/week (74% coverage of the $2,450/month median mortgage) leaves a gap of roughly $626/month that a typical investor bridges with negative gearing, depreciation and capital growth. At 9 km from the Brisbane CBD, Wavell Heights sits inside the high-demand inner ring — properties here compete directly with the city's employment, transport and amenity networks.
Inner-city investors should model strata costs and rate rises carefully, since gross yields here are often compressed by higher entry prices. Local rents consume roughly 16% of household income — a useful sanity check on tenant affordability.
How Wavell Heights stacks up against the median of all Queensland suburbs in our dataset. Positive values mean Wavell Heights sits above the state median; negative means below.
| Metric | Wavell Heights | QLD median | Δ vs state |
|---|---|---|---|
| Population | 10,336 | 5,474 | +89% |
| Median household income | $135,980/yr | $90,298/yr | +51% |
| Median rent (weekly) | $421 | $385 | +9% |
| Median mortgage (monthly) | $2,450 | $1,733 | +41% |
| Distance to CBD | 9 km | 62 km | -85% |
| Separate houses | 86% | 77% | +9pp |
Pre-inspection briefing for Wavell Heights — every item is derived from public datasets, with full citations in our data sources page.
Strong buy-and-hold fundamentals: household incomes run 51% above the Queensland suburb median ($135,980 vs $90,298), and the 9 km CBD distance keeps this suburb in the primary demand zone. In Queensland, suburbs with this profile have historically clustered in the upper tercile of 10-year capital growth.
Moderate rental coverage: rent of $421/week covers 74% of a $2,450/month mortgage, leaving a $626/month gap that an investor bridges with equity, depreciation and tax benefits.
With 86% houses in a 10,336-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Run the numbers on a Wavell Heights property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Wavell Heights enters 2026 with a demographic tailwind — household incomes 51% above the Queensland suburb median of $90,298 and a population of 10,336 give it the depth and purchasing power to outperform the wider QLD market over the next 12–18 months. Rental coverage runs at ~74% of the typical mortgage ($1,824/month rent vs $2,450/month repayment), leaving a manageable top-up for most investors. The EquitySight investment score of 86/100 places Wavell Heights in the top tier of Australian suburbs we profile, and overall investor sentiment is constructive heading into the second half of 2026.
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Wavell Heights scores 86/100 on our EquitySight investment framework — a strong rating. That score is driven by a population of 10,336, median household income of $135,980/year and median weekly rent of $421. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Wavell Heights are proximity to Brisbane (9 km), an above-state-median household income of $135,980/year, a dwelling mix that is 86% separate houses, roughly 3 schools and 4 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Wavell Heights has a usual resident population of approximately 10,336, compared with a Queensland suburb median of 5,474 — placing it in the upper half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Wavell Heights sits 9 km straight-line from the Brisbane CBD. This is inner-ring territory — pricing competes directly with established Brisbane employment nodes.
The most recent census recorded a median weekly rent of $421 in Wavell Heights, equating to approximately $21,892/year in gross rental income (state median $385/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Wavell Heights is $2,450, or approximately $29,400/year (vs $1,733/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $421 works out to $1,824/month, covering 74% of the median mortgage repayment of $2,450/month. That leaves a $626/month shortfall (around $7,512/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are interest-rate sensitivity on the $2,450 median mortgage, the broader Queensland market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.