Suburb Profile Report for Wynnum QLD (4178)

Wynnum House: Median price $578,750, Annual capital growth 4.90%, Number of sales 283, Weekly median advertised rent $430

Wynnum Unit: Median price $425,000, Annual capital growth 4.22%, Number of sales 82, Weekly median advertised rent $390

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

With a capital gain of -6.65% for the last 12 months, Wynnum, 4178 has performed for property investments than its average annual 4.90% property growth over the last 5 years.

A 14.60% growth in median value for property investors in Wynnum,4178 puts this suburb at number 511th in terms of best performing suburbs in QLD

Our latest figures would indicate that property sellers in Wynnum are currently offering property investors an average price cut of -5.01% below the asking price at the moment.

Residents and property investors in Wynnum have been waiting around 69 days to sell a property.

Renters in Suburb are facing rents around $5160 per annum or $430 every week.

Investment property in Wynnum has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -6.37%

Taking the average capital gain, or increase in median house value, Wynnum,4178 has racked up an average of -6.37% over the period. This ranks it number 677th in the whole country for real estate investors looking at median house price increases.

Wynnum, 4178 is offering QLD ‘s 221th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this QLD.

Situated 8.95km from the CBD, Wynnum is one of Brisbane localities in the postcode 4178.

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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.Full summary

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.

Close
HOUSE UNIT
$578,750 $425,000
-0.22% 6.25%
-6.65% -6.37%
4.90% 4.22%
$430 $390
283 82
3.86% 4.77%
69 85.78

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 12229
Median household income ($/weekly) 1281
Median age of persons 40
Median housing loan repayment ($/monthly) 2167
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1522 12.4
    25-34 years 1367 11.2
    35-44 years 1883 15.4
    45-54 years 1881 15.4
    55-64 years 1498 12.2
    Others 4078 33.3
    Age Group
    Census Count Percent(%)
    Registered Married 4034 44.8
    Not Married 3954 43.9
    Defacto Relationship 1009 11.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 9009 78.1
    Papua New Guinea 764 6.6
    Philippines 110 1.0
    United Kingdom 786 6.8
    Other 263 2.3
    Others 601 5.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 150 1.4
    Christianity 8036 72.7
    Hinduism 46 0.4
    Other Religious Groups 70 0.6
    No Religion 2719 24.6
    Others 34 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 424 10.0
    $600-$799 413 9.7
    $1,500-$1,999 514 12.1
    $2,000-$2,499 416 9.8
    $2,500-$2,999 370 8.7
    Others 2121 49.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3824 40.8
    Not in the labour force 3147 33.6
    Employed, worked part-time 1673 17.9
    Employed, away from work 367 3.9
    Unemployed, looking for work 358 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 709 12.1
    Professionals 1274 21.7
    Technicians & trades workers 832 14.2
    Clerical & administrative workers 956 16.3
    Labourers 601 10.3
    Others 1489 25.4
    Occupation
    Census Count Percent(%)
    Pre-school 151 5.8
    Infants/Primary 1020 39.4
    Secondary 710 27.5
    Technical or Further Educational Institution 204 7.9
    University or other Tertiary Institutions 430 16.6
    Others 71 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9944 87.3
    Semi-detached, row or terrace house, townhouse 816 7.2
    Flat, unit or apartment 629 5.5
    House or flat attached to a shop, office 7 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1729 37.9
    Being purchased 1464 32.1
    Fully owned 1345 29.5
    Other tenure type 26 0.6
    Tenure Type
Census 2011, ABS
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