At number 2141th in the list of Australian suburbs ordered by increase in median house value over the last year, Wynn Vale, 5127 is in the BOTTOM 50% with a property value increase of 3.95% recorded in median house prices.
While Wynn Vale,5127 ranked number 163th in SA for increase in median house value (annualised) increase, it is ranked 177th over the last 5 years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.54% offered to property buyers. Sellers in Wynn Vale itself are offering an average vendor discount of -4.67% to real estate investors.
Situated 16.39km from the CBD, Wynn Vale is one of Tea Tree Gully localities in the postcode 5127.
Investment property in Wynn Vale 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 -4.90%
The most recent median price for Wynn Vale is $276750, with sellers offering an average of -7.92% off the asking price.
Residents and property investors in Wynn Vale have been waiting around 115.11 days to sell a property.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 5.64%, without taking into account capital value appreciation, which has been averaging out at 2.90%.