Property investors who have had real estate in Wynnum, 4178 should be relatively unhappy 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 1.65%
While Wynnum,4178 ranked number 388th in QLD for increase in median house value (annualised) increase, it is ranked 169th over the last 5 years.
Sellers are offering property buyers an average discount of -5.51% to buyers in Wynnum at the moment, which is less than average for the rest of QLD.
Residents and property investors in Wynnum have been waiting around 70.66 days to sell a property.
Using the current median advertised rental of $435 and the average annual increase in value of a median property of 5.13%, investors should hope to achieve an overall return of 3.68%
With a capital gain of 16.58% for the last 12 months, Wynnum, 4178 has performed for property investments than its average annual 4.32% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Wynnum has given property investors a paper return of -0.44%. This puts Suburb as 210 on a list of fastest fasting appreciating suburbs in QLD
Property buyers and investors in Wynnum 4178 should be seeing an average reduction in asking price of around -5.84% . This means that Wynnum is holding prices well when compared to other suburbs in QLD.
Residents and property investors in Wynnum have been waiting around 109.74 days to sell a property.
Situated 7.60km from the CBD, Wynnum is one of Brisbane localities in the postcode 4178.
Wynnum lies in a coastal location about a half-hour’s drive east of the Brisbane CBD, has its own train station and a good selection of amenities. It made Your Investment Property's top 100 in 2011 thanks to its desirable location close to the recently rejuvenated waterfront, its good transport links into the city and the fact that it’s very much a buyer’s market.Full summary
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Wynnum lies in a coastal location about a half-hour’s drive east of the Brisbane CBD, has its own train station and a good selection of amenities. It made Your Investment Property's top 100 in 2011 thanks to its desirable location close to the recently rejuvenated waterfront, its good transport links into the city and the fact that it’s very much a buyer’s market.
“Agents there are pulling out their hair trying to sell property,” says Hot Property Specialists’ Liz Wilcox. “There are excellent opportunities there to buy below market value.”
She adds that, with the beautification of the waterfront from Wynnum to Manly that’s taken place over the last five years, an area that used to be dominated by mangroves can now count itself as a pleasantly liveable seaside suburb.
“It’s an area for a low-risk, long-hold strategy,” she says. “You can buy well now and hold for 10 years.”
She adds that the tenant base will mainly be comprised of families looking for less than inner-city rents in an area that still has a good train service to the CBD. With that in mind, she suggests going for three-bedroom, two-bathroom, family friendly houses.
“The avenues area, close to the golf course, is the most sought after,” she says. “There are a lot of properties here that have been renovated or split, and there’s the possibility to buy properties that are under two years old for the best depreciation rates.”
This area comprises of Boxgrove Avenue, Waterview Avenue, Moreton Avenue and Tamaree Avenue.