Suburb Profile Report for Wynnum West QLD (4178)

Wynnum West House: Median price $518,500, Annual capital growth 4.63%, Number of sales 197, Weekly median advertised rent $440

Wynnum West Unit: Median price $342,750, Annual capital growth 4.38%, Number of sales 58, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$518,500 $342,750
1.67% 0.22%
7.46% 1.18%
4.63% 4.38%
$440 $400
197 58
4.41% 6.07%
45.29 79.06

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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