Wynnum, 4178 ranked 727th in QLD when comparing growth in median property values or capital gain over the last 12 months. Wynnum is one of 2415 in our list for QLD
The five-year average increase in median property values for Wynnum,4178 has given property investors a potential capital gain of 10.74% across each of those five years.
Property buyers and investors in Wynnum 4178 should be seeing an average reduction in asking price of around -5.00% . This means that Wynnum is holding prices well when compared to other suburbs in QLD.
Situated 14.03km from the CBD, Wynnum is one of Brisbane localities in the postcode 4178.
Over the last year, property investments in Wynnum, 4178 have given investors a capital gain of -14.45%. This compares very badly with the 1.47% for QLD as a whole.
Comparing Wynnum,4178 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Wynnum4178 is located in QLD which offers an average discount of -5.70% to property investors. Wynnum itself is showing figures that indicate -4.75% is the average achievable by property buyers investing in the suburb.
In the last year 82 properties changed hands in Wynnum, which puts it as the 116th most active market in QLD when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $4740 per annum or $395 every week.
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.