Wynnum has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of 0.00% to date .
If we look at median property appreciation over just the last three months, Wynnum has given property investors a paper return of 2.26%. This puts Suburb as 218 on a list of fastest fasting appreciating suburbs in QLD
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 -5.37% is being offered, which puts this QLD suburb at 2270th most discounted overall in Australia.
On average over the past year, suburb has had 22.08 sales per month, which equates to 265 per year.
Situated 13.91km from the CBD, Wynnum is one of Brisbane localities in the postcode 4178.
Giving property investors a a solid capital gain of 15.00% for the last year, Wynnum, 4178 is the 214th highest performer in Australia in this respect.
Wynnum,4178 has offered an average of 15.00% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Wynnum is offering property investors an average of -6.14. This rate of discount on properties puts Suburb at number 145th in terms of most discounted suburbs in QLD
On average over the past year, suburb has had 7.25 sales per month, which equates to 87 per year.
With the median price for a house in Wynnum being $460000 and the advertised rent reaching $392.5 the gross rental yield for property investors calculates out to be 4.44%
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.