Property investors who have had real estate in Wynnum, 4178 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.44%
Taking the average capital gain, or increase in median house value, Wynnum,4178 has racked up an average of -2.44% over the period. This ranks it number 1802th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Wynnum should be aiming for at least -5.07% off the asking price, which is the average vendor discount being achieved at the moment.
Wynnum, 4178’s gross rental yield is 3.73%
Over the last year, property investments in Wynnum, 4178 have given investors a capital gain of 10.60%. This compares very favourably with the 0.98% for QLD as a whole.
A 24.05% growth in median value for property investors in Wynnum,4178 puts this suburb at number 120th in terms of best performing suburbs in QLD
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.14% offered to property buyers. Sellers in Wynnum itself are offering an average vendor discount of -5.92% to real estate investors.
Advertised rents are around the $385 mark per week – giving a return of 4.36% 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.