Suburb Profile Report for Wynyard TAS (7325)

Wynyard House: Median price $238,000, Annual capital growth 3.73%, Number of sales 113, Weekly median advertised rent $280

Wynyard Unit: Median price $235,000, Annual capital growth 4.53%, Number of sales 29, Weekly median advertised rent $245

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

Source: CoreLogic

  • House Report
  • Unit Report

Wynyard has had a very poor year for property investment returns compared to the rest of TAS, giving investors a capital gain of -4.80% to date .

Wynyard,7325 has offered an average of -4.80% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Wynyard 7325 should be seeing an average reduction in asking price of around -7.45% . This means that Wynyard is holding prices well when compared to other suburbs in TAS.

Using the current median advertised rental of $280 and the average annual increase in value of a median property of 3.73%, investors should hope to achieve an overall return of 6.12%

With a capital gain of -6.00% for the last 12 months, Wynyard, 7325 has performed for property investments than its average annual 4.53% property growth over the last 5 years.

While Wynyard,7325 ranked number 53th in TAS for increase in median house value (annualised) increase, it is ranked 5th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Wynyard is offering property investors an average of -5.10. This rate of discount on properties puts Suburb at number 25th in terms of most discounted suburbs in TAS

On average over the past year, suburb has had 2.42 sales per month, which equates to 29 per year.

Metrics i HOUSE UNIT
$238,000 $235,000
2.37% -10.31%
-4.80% -6.00%
3.73% 4.53%
$280 $245
113 29
6.12% 5.42%
85.96 85.85

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 5989
Median household income ($/weekly) 793
Median age of persons 45
Median housing loan repayment ($/monthly) 1200
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 715 11.9
    35-44 years 711 11.9
    45-54 years 864 14.4
    55-64 years 858 14.3
    65-74 years 690 11.5
    Others 2151 35.9
    Age Group
    Census Count Percent(%)
    Registered Married 2246 50.6
    Not Married 1726 38.9
    Defacto Relationship 465 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 5130 90.0
    New Zealand 33 0.6
    Papua New Guinea 57 1.0
    United Kingdom 339 5.9
    Other 34 0.6
    Others 105 1.8
    Country of Birth
    Census Count Percent(%)
    Christianity 3654 68.2
    No Religion 1652 30.8
    Buddhism 33 0.6
    Other Religious Groups 19 0.4
    Islam 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 278 12.8
    $400-$599 328 15.1
    $600-$799 280 12.9
    $800-$999 216 10.0
    $1,500-$1,999 202 9.3
    Others 864 39.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2185 46.4
    Employed, worked full-time 1329 28.2
    Employed, worked part-time 840 17.8
    Unemployed, looking for work 183 3.9
    Employed, away from work 171 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 329 14.1
    Technicians & trades workers 391 16.7
    Community & personal service workers 287 12.3
    Clerical & administrative workers 277 11.8
    Labourers 293 12.5
    Others 764 32.6
    Occupation
    Census Count Percent(%)
    Pre-school 61 5.2
    Infants/Primary 452 38.8
    Secondary 351 30.1
    Technical or Further Educational Institution 175 15.0
    University or other Tertiary Institutions 93 8.0
    Others 33 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5005 89.7
    Semi-detached, row or terrace house, townhouse 415 7.4
    Flat, unit or apartment 123 2.2
    Caravan, cabin, houseboat 10 0.2
    House or flat attached to a shop, office 20 0.4
    Others 4 0.1
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 951 40.5
    Being purchased 720 30.6
    Rented 662 28.2
    Other tenure type 17 0.7
    Tenure Type
Census 2011, ABS
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