Giving property investors a a stable capital gain of 11.81% for the last year, Wynnum, 4178 is the 1301th highest performer in Australia in this respect.
A 33.71% growth in median value for property investors in Wynnum,4178 puts this suburb at number 214th in terms of best performing suburbs in QLD
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.86% offered to property buyers. Sellers in Wynnum itself are offering an average vendor discount of -5.70% to real estate investors.
With the median price for a house in Wynnum being $648500 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.53%
If you compare the increase in value of investment property in Wynnum, 4178 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -0.33%.
Comparing Wynnum,4178 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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, 4178. Typically our figures indicate that -6.49% is being offered, which puts this QLD suburb at 357th most discounted overall in Australia.
At number 1114 in a list of fastest selling suburbs, Wynnum is in the bottom 30% of suburbs in Australia with an average of days on market 97.68 for properties listed there.
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.