Did you know that Wishart stands out as a suburb where homeowners just can’t seem to say goodbye? With an average property tenure of 19 years, Wishart leads Brisbane in terms of long-term homeownership.
Read: Scorched Wishart Property Creates Heat, Interests Renovators
This is a remarkable statistic when compared to Brisbane’s overall average of 9 years and the national average of 10.5 years, according to Karen Dellow, Senior Data Analyst at realestate.com.au.
Why Homeowners Stay
The prolonged tenure in Wishart is driven by several factors. Strong community bonds, proximity to excellent amenities, and significant financial investments make it an area people are reluctant to leave.
Historically low interest rates have also played a role, making mortgage repayments more manageable and reducing the need to sell. Neighbouring suburbs like Belmont and Sunnybank Hills show similar trends, with average property tenures of 17.6 years and 17.1 years, respectively.
A Spotlight on 52 Winthrop Street, Wishart
One property that encapsulates Wishart’s appeal is the residence at 52 Winthrop Street. Recently sold at auction on 18 January, this property last changed hands in 2009 for $650,000.
Located in an elevated cul-de-sac within the sought-after Mansfield High and Mansfield State School catchments, the home features multiple living areas, hardwood floors, a practical kitchen, five spacious bedrooms, and private outdoor entertaining areas. Minor cosmetic updates could further enhance its value, making it a prime example of Wishart’s enduring appeal.
The Wishart Lifestyle
Wishart offers more than just beautiful homes. It provides convenient access to essential amenities, including express bus transport to Garden City and Brisbane’s CBD, parks, shopping centres, and major motorways like the Gateway and M1. The family-friendly environment and strong sense of community contribute to the area’s enduring appeal.
Read: Mt Gravatt: A Co-living Hotspot Amidst Rental Crisis
A Desirable Trend
As Brisbane’s suburbs continue to evolve, Wishart remains a standout for its stability and desirability. Its long average tenure reflects not just a financial decision but a lifestyle choice, cementing its status as one of the city’s most beloved areas to call home. Properties like 52 Winthrop Street exemplify the charm and functionality that make this suburb a lasting favourite among Brisbane homeowners.
Published 23-January-2025