Suburb Profile Report for Wynnum West QLD (4178)

Wynnum West House: Median price $511,500, Annual capital growth 4.70%, Number of sales 201, Weekly median advertised rent $440

Wynnum West Unit: Median price $341,000, Annual capital growth 3.98%, Number of sales 55, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Wynnum West has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 8.83% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Wynnum West comes in at number 204th in QLD.

Wynnum West, 4178 is offering QLD ‘s 757th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this QLD.

Property investors should expect to get $440 weekly from the median priced house in this suburb.

Investment property in Wynnum West has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.29%

If we look at median property appreciation over just the last three months, Wynnum West has given property investors a paper return of -0.15%. This puts Suburb as 196 on a list of fastest fasting appreciating suburbs in QLD

Property investors looking for a bargain in Wynnum West should be aiming for at least -3.40% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 55 properties changed hands in Wynnum West, which puts it as the 162th most active market in QLD when comparing the number of sales per suburb.

Advertised rents are around the $400 mark per week – giving a return of 6.10% based on the median price in Suburb

HOUSE UNIT
$511,500 $341,000
1.29% -0.15%
8.83% 0.29%
4.70% 3.98%
$440 $400
201 55
4.47% 6.10%
46.47 74.17

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 11745
Median household income ($/weekly) 1267
Median age of persons 38
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1519 12.9
    25-34 years 1529 13.0
    35-44 years 1784 15.2
    45-54 years 1468 12.5
    55-64 years 1296 11.0
    Others 4149 35.3
    Age Group
    Census Count Percent(%)
    Registered Married 3894 45.9
    Not Married 3603 42.5
    Defacto Relationship 980 11.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 8461 75.4
    Papua New Guinea 867 7.7
    Philippines 191 1.7
    United Kingdom 651 5.8
    Other 329 2.9
    Others 722 6.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 149 1.4
    Christianity 7706 72.0
    Hinduism 127 1.2
    Other Religious Groups 59 0.6
    No Religion 2621 24.5
    Others 48 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 393 10.1
    $600-$799 342 8.8
    $1,000-$1,249 361 9.3
    $1,500-$1,999 540 13.9
    $2,000-$2,499 432 11.1
    Others 1812 46.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3597 40.2
    Not in the labour force 3192 35.7
    Employed, worked part-time 1488 16.6
    Employed, away from work 346 3.9
    Unemployed, looking for work 323 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 869 16.0
    Technicians & trades workers 781 14.4
    Community & personal service workers 564 10.4
    Clerical & administrative workers 971 17.9
    Labourers 629 11.6
    Others 1613 29.7
    Occupation
    Census Count Percent(%)
    Pre-school 151 6.2
    Infants/Primary 989 40.9
    Secondary 664 27.5
    Technical or Further Educational Institution 228 9.4
    University or other Tertiary Institutions 317 13.1
    Others 69 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9418 86.0
    Semi-detached, row or terrace house, townhouse 1163 10.6
    Flat, unit or apartment 372 3.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1483 35.4
    Being purchased 1468 35.0
    Fully owned 1220 29.1
    Other tenure type 23 0.5
    Tenure Type
Census 2011, ABS
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