QLD has seen average median house prices change by 1.88% which means that Wynnum West, 4178 has done well for property investors by showing a capital gain of 7.46% over the last year
Over the longer term, Wynnum West has seen property prices show investors a 21.07% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Wynnum West, 4178. Typically our figures indicate that -4.43% is being offered, which puts this QLD suburb at 2958th most discounted overall in Australia.
In the last year 197 properties changed hands in Wynnum West, which puts it as the 62th most active market in QLD when comparing the number of sales per suburb.
Situated 12.41km from the CBD, Wynnum West is one of Brisbane localities in the postcode 4178.
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 1.18%
Wynnum West,4178 has offered an average of 1.18% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Wynnum West are currently offering property investors an average price cut of -3.52% below the asking price at the moment.
Often selling an investment property can take time, and in Wynnum West the average time real estate has been on the market is 79.06 days.
With the median price for a house in Wynnum West being $342750 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 6.07%