At number 3595th in the list of Australian suburbs ordered by increase in median house value over the last year, Wynnum, 4178 is in the BOTTOM 20% with a property value increase of -6.29% recorded in median house prices.
Wynnum,4178 was ranked 2920 in Australia by increase in median property value over the quarter.
Property buyers and investors in Wynnum 4178 should be seeing an average reduction in asking price of around -4.77% . This means that Wynnum is holding prices well when compared to other suburbs in QLD.
On average over the past year, suburb has had 23.33 sales per month, which equates to 280 per year.
Property investors should expect to get $430 weekly from the median priced house in this suburb.
Property value increases in Wynnum have tracked just higher than the QLD average of 1.12% over the last 12 months.
If we look at median property appreciation over just the last three months, Wynnum has given property investors a paper return of 3.88%. This puts Suburb as 55 on a list of fastest fasting appreciating suburbs in QLD
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Wynnum itself are offering an average vendor discount of -6.17% to real estate investors.
The QLD suburb of Wynnum, 4178 is in the Brisbane local government area.
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.