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Wheeler Heights, NSW 2097

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated 7 Sept 2026

Tight Rental MarketStrong Growth

View Properties Sold in Wheeler Heights Compare

Median House

$2,370,000

market range $2.3M-$2.5M

Median Unit

$1,355,000

list-price estimate

Gross Yield (units)

2.8%

1yr Growth (houses)

+5.1%

market range -12.5% to +10.0%

Investment snapshot for Wheeler Heights

Wheeler Heights has enough public data for first-pass screening across yield, vacancy, price and supply signals.

Capital growth of +5.1% in the past year shows positive recent price momentum. Tight rental market (0.8% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What works

+Capital growth of +5.1% in the past year shows positive recent price momentum.
+Tight rental market (0.8% vacancy) gives landlords pricing power and low rental downtime.
+Houses sell quickly (23 days on market), which points to strong sales liquidity.

What to watch

!Unit gross rental yield of 2.8% means gross rent covers a smaller share of ownership costs.
!Premium median house price ($2.4M) implies a larger deposit and a lower gross yield ratio than cheaper suburbs.

General information only, not personal advice. Based on PropRadar's data as of Sept 2026. Always consider your own circumstances and consult a licensed financial adviser before acting.

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Wheeler Heights market and investor summary

Wheeler Heights (NSW 2097) runs a median house price of $2.4M. House prices have moved +5.1% over the past year and +1.4% over three years. At 0.8% vacancy, it is a tight rental market that favours landlords.

Living in Wheeler Heights: people, income and schools

About 3,232 people live in Wheeler Heights, a number that has held fairly steady over five years. The median age is 40, skewed a little older, and 84% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.

Households here earn a median of about $152,000 a year, or roughly $2,910 a week. On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 15.6 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 30% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.

There are 31 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 17 km from the CBD. It is fairly car-dependent; the suburb scores 45 for walkability and 16 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Basement (vectored or non-vectored).

Population: 3,232; -0% over 5yr
Median age: 40 years
Median household income: $152,000/yr
Households renting: 15%
Family households: 87%
Socio-economic rank: 10/10; ABS advantage index
Schools within 5km: 31; avg ICSEA 1075
Unemployment: 4.0%
Distance to CBD: 17 km
Walk score: 45/100

NSW 2097

2.0 km away

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NSW 2101

2.3 km away

Narraweena

NSW 2099

2.5 km away

Dee Why

NSW 2099

2.7 km away

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Frequently asked questions about Wheeler Heights

What should I check before investing in Wheeler Heights?

Wheeler Heights has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +5.1% in the past year shows positive recent price momentum. Tight rental market (0.8% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Wheeler Heights?

The median property price in Wheeler Heights, NSW 2097 is $2.4M for houses.

What rental yield does Wheeler Heights show?

The gross rental yield in Wheeler Heights is 2.8% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

What does recent house price growth show for Wheeler Heights?

House prices in Wheeler Heights are up 5.1% over the past year and up 1.4% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Wheeler Heights?

The current vacancy rate in Wheeler Heights is 0.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

How many people live in Wheeler Heights?

Wheeler Heights has a population of approximately 3,232 residents, with a median age of 40.

What schools are near Wheeler Heights?

There are 31 schools within roughly 5km of Wheeler Heights. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Wheeler Heights affordable to buy in?

A median house in Wheeler Heights costs about 15.6 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Wheeler Heights's population growing?

The population of Wheeler Heights has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Wheeler Heights from the CBD?

Wheeler Heights is about 17 km from the CBD.

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