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.
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.