Wynnum is in the TOP 30% in QLD when comparing median price capital growth over the last year. Wynnum gave property investors a good capital gain figure when compared to the rest of the state, with 8.24%.
While Wynnum,4178 ranked number 128th in QLD for increase in median house value (annualised) increase, it is ranked 125th over the last 5 years.
Property buyers and investors in Wynnum 4178 should be seeing an average reduction in asking price of around -5.56% . This means that Wynnum is holding prices well when compared to other suburbs in QLD.
Wynnum, 4178’s gross rental yield is 3.53%
At number 471th in the list of Australian suburbs ordered by increase in median house value over the last year, Wynnum, 4178 is in the top 30% with a property value increase of 9.82% recorded in median house prices.
Wynnum,4178 was ranked 1405 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -6.33% to buyers in Wynnum at the moment, which is less than average for the rest of QLD.
Advertised rents are around the $390 mark per week – giving a return of 4.53% based on the median price in Suburb
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.