Suburb Profile Report for Wynnum West QLD (4178)

Wynnum West House: Median price $520,000, Annual capital growth 4.53%, Number of sales 204, Weekly median advertised rent $435

Wynnum West Unit: Median price $342,750, Annual capital growth 4.50%, Number of sales 57, 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 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

HOUSE UNIT
$520,000 $342,750
0.87% 0.07%
5.99% 0.81%
4.53% 4.50%
$435 $400
204 57
4.35% 6.07%
51.64 77

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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