Wynnum West has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 5.99% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wynnum West has increased when compared to the 5 year average annual rate.
Vendor discounting in Wynnum West is giving property investors an average Vendor Discount of around -4.68%. This puts suburb at number 700th in QLD when ranking the most discounted suburbs.
On average over the past year, suburb has had 17.00 sales per month, which equates to 204 per year.
Using the current median advertised rental of $435 and the average annual increase in value of a median property of 4.53%, investors should hope to achieve an overall return of 4.35%
Property investors who have had real estate in Wynnum West, 4178 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.81%
Comparing Wynnum West,4178 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Wynnum West is offering property investors an average of -6.14. This rate of discount on properties puts Suburb at number 272th in terms of most discounted suburbs in QLD
On average over the past year, suburb has had 4.75 sales per month, which equates to 57 per year.
Wynnum West is 86th on a list of best yielding suburbs for rents in QLD with a 6.07% return