Statistics provide the snapshot, but local experience adds the context. Stefan Blee shares some statistics and observations about the Wavell Heights property market, reflects on one of the suburb’s historic homes, and offers his thoughts on a major infrastructure project that could shape the suburb’s future.
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Well, despite the media focus on the current housing market, we had a massive weekend last weekend, with record open home attendance.
Without any doubt, if a property is overpriced, it will struggle in this market. However, we recently saw 276 Rode Road settle after a strong open home campaign. The beautiful home developed by Ellcon Constructions at 26 Frankit Street is generating great interest, as is 15 Sumar Street, which has great bones and is ideal for a renovation while retaining its spacious footprint. That property is currently under offer, while 12 Vaucluse Street is under contract, subject to another sale.
The media’s focus on Brisbane’s auction clearance rate simply isn’t as relevant as is often claimed. Buyer demand is strong and, from what I’m seeing on the ground, it’s getting stronger as I write this. Of course, economic conditions remain challenging, but prices are holding firm in Wavell Heights. We are certainly not experiencing the dire market portrayed by some of the headlines.
As Jacob Elordi continues to become a worldwide movie star, with standout performances in Euphoria, Saltburn, Priscilla and The Kissing Booth films, it was fascinating to learn of his family’s connections with Wavell Heights, particularly Glenside Street. It’s always interesting to discover the local stories behind people who go on to achieve international success.
Without any doubt, if a property is overpriced, it will struggle in this market. However, we recently saw 276 Rode Road settle after a strong open home campaign. The beautiful home developed by Ellcon Constructions at 26 Frankit Street is generating great interest, as is 15 Sumar Street, which has great bones and is ideal for a renovation while retaining its spacious footprint. That property is currently under offer, while 12 Vaucluse Street is under contract, subject to another sale.
The media’s focus on Brisbane’s auction clearance rate simply isn’t as relevant as is often claimed. Buyer demand is strong and, from what I’m seeing on the ground, it’s getting stronger as I write this. Of course, economic conditions remain challenging, but prices are holding firm in Wavell Heights. We are certainly not experiencing the dire market portrayed by some of the headlines.
As Jacob Elordi continues to become a worldwide movie star, with standout performances in Euphoria, Saltburn, Priscilla and The Kissing Booth films, it was fascinating to learn of his family’s connections with Wavell Heights, particularly Glenside Street. It’s always interesting to discover the local stories behind people who go on to achieve international success.
Another property with a fascinating history is the heritage-listed Gohdes Farmhouse at 121 Spence Road. Built between 1905 and 1909 for pioneering farmer Franz Gohdes, the home was constructed on land first settled by his German immigrant family in 1881, when the district was still widely known as “German Station”.
At the time, the surrounding landscape was dense bush that had to be cleared by hand before it became productive farmland growing pineapples, bananas and supporting dairy cattle. While almost all of those farms disappeared during Brisbane’s post-war suburban expansion, the Gohdes Farmhouse survived and today remains one of the suburb’s finest reminders of Wavell Heights’ agricultural heritage.
It was disappointing to hear this week that the Gympie Road tunnel project has been pushed back until after the 2032 Olympics. I believe it will be a great asset for the whole of North Brisbane if it can take even a portion of the traffic off Gympie Road.
The only projections currently available suggest the proposed tunnel could eventually carry more than 60,000 vehicles per day. With the route planned to run from Kedron to Carseldine, you would assume it would take a significant number of heavy vehicles into the tunnel. Of course, new bypasses and tunnels will always attract new traffic as well, so the better they work, the briefer the respite on Gympie Road itself. However, as Brisbane continues to grow, major infrastructure projects like this are important.
At the time, the surrounding landscape was dense bush that had to be cleared by hand before it became productive farmland growing pineapples, bananas and supporting dairy cattle. While almost all of those farms disappeared during Brisbane’s post-war suburban expansion, the Gohdes Farmhouse survived and today remains one of the suburb’s finest reminders of Wavell Heights’ agricultural heritage.
It was disappointing to hear this week that the Gympie Road tunnel project has been pushed back until after the 2032 Olympics. I believe it will be a great asset for the whole of North Brisbane if it can take even a portion of the traffic off Gympie Road.
The only projections currently available suggest the proposed tunnel could eventually carry more than 60,000 vehicles per day. With the route planned to run from Kedron to Carseldine, you would assume it would take a significant number of heavy vehicles into the tunnel. Of course, new bypasses and tunnels will always attract new traffic as well, so the better they work, the briefer the respite on Gympie Road itself. However, as Brisbane continues to grow, major infrastructure projects like this are important.
Stefan Blee
Property Market Report
Wavell Heights
12-month analysis · Jul 2025 – Jun 2026 · 228 confirmed sales
Monthly median sale price
Median price
Mean price
Sales volume
Jun 2026 (7 confirmed sales): Month-end incomplete — 5 unpriced "Recent Advice" records still pending registration. Treat Jun figure as indicative only.
Period median$1.503M
Period highAug ’25 · $1.649M
Period lowSep ’25 · $1.314M
Total sales228
Seasonal pattern: Aug 2025 peak ($1.649M) reflects typical Brisbane winter-to-spring premium. Sep dip to $1.314M is consistent with spring-entry lag before a Feb 2026 recovery ($1.6M, 36 sales — highest-volume month). May 2026 recovered to $1.536M once four previously unpriced sales were confirmed. Apr–Jun softening reflects broader market caution.
Median price by bedroom count
Dominant type3-bed · 88 sales
5-bed premium vs 4-bed+62%
5-bed premium vs 3-bed+79%
Entry point (2-bed)$818.5K
Two distinct buyer pools: The step from 4-bed ($1.542M) to 5-bed ($2.5M) is a 62% premium jump — not incremental, an entirely different segment. 3-bed at $1.398M remains the volume sweet spot (41% of all sales).
Median price by land size
Most common size600–700 m2 · 99 sales
Median block (suburb)607 m2
400–500m2 vs 500–600m2+28% premium
400–500 m2 anomaly: Subdivided lots in this range ($1.81M median) outperform the larger 500–600 m2 tier ($1.41M) by 28% — reflecting newer builds and knock-down-rebuild demand attracting a premium over older stock on bigger blocks.
Days on market distribution
Median DOM28 days
Mean DOM49 days
Sold within 30 days53% of sales
Longest sale370 days
Bimodal market: 93 sales (53%) sold within 30 days — correctly priced properties move fast. The long tail beyond 90 days (22 sales, 13%) reflects overpriced listings that eventually find their level, pulling the mean well above the median.
3-month snapshot vs prior period
Data note: 39 confirmed priced sales in the recent period after applying 4 REA price confirmations (30 Roderick St $2.605M, 42 Jeffcott St $1.2M, 5 Sunny Ave $1.56M, 27 Abbey St $3.3M) and adding 5/46 Rode Rd $765K. 6 sales still unpriced (126 Bilsen Rd, 26 Tarm St, 7 Highcrest Ave, 10 Warril St, 35 Brae St, 1 Ferguson Rd). 2 duplicates removed.
Recent 3m median$1.400M
Prior 3m median$1.600M
Median shift–12.5%
Volume shift–32.8%
Recent 3m DOM25 days
Meaningful softening: The –12.5% median drop and –32.8% volume fall are significant. The prior period (Jan–Mar) was anchored by a very strong Feb 2026 (36 sales, $1.6M median). The recent period has a higher proportion of sub-$1.4M sales alongside a cluster of prestige transactions — the wide mean-median gap ($1.619M vs $1.400M) reflects a split market. The 6 remaining unpriced records could partially close this gap once registered.
Top 10 sale prices
Prestige segment active: Four sales above $3M this quarter — 1 Luke St ($3.45M), 27 Abbey St ($3.3M), and 19 Vaucluse St and 8 Kiama St (both $3.2M). All five-bedroom homes on 617–647 m2 blocks, all selling within 48 days.
Published 1-July-2026
Stefan Blee is a Proud Promotional Partner of Brisbane Suburbs Online News
Note: This article is based on data from publicly available sources at the time of publication and is intended for general information only. Readers should conduct their own research and seek independent advice before making any property decisions.
