Wynnum is in the bottom 20% in QLD when comparing median price capital growth over the last year. Wynnum gave property investors a dismal capital gain figure when compared to the rest of the state, with -6.45%.
A 19.59% growth in median value for property investors in Wynnum,4178 puts this suburb at number 351th in terms of best performing suburbs in QLD
At number 588th of QLD’s most discounted properties, Wynnum is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $425 and the average annual increase in value of a median property of 4.59%, investors should hope to achieve an overall return of 3.81%
Over the last year, property investments in Wynnum, 4178 have given investors a capital gain of 4.53%. This compares favourably with the 1.70% for QLD as a whole.
Across a shorter period, Wynnum, 4178 has seen a median price increase of 4.66% over the last quarter.
Vendor discounting in Wynnum is giving property investors an average Vendor Discount of around -5.78%. This puts suburb at number 148th in QLD when ranking the most discounted suburbs.
On average over the past year, suburb has had 7.33 sales per month, which equates to 88 per year.
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.