Suburb Profile Report for Wynyard TAS (7325)

Wynyard House: Median price $239,000, Annual capital growth 3.87%, Number of sales 108, Weekly median advertised rent $273

Wynyard Unit: Median price $235,000, Annual capital growth 4.70%, Number of sales 25, 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 -7.09% to date .

Over the longer term, Wynyard has seen property prices show investors a -3.63% return over the last 3 years. This is worse than over the last 12 months

At number 58th of TAS’s most discounted properties, Wynyard is in the bottom 40% of the state/territory when listing in order of most discounted to least.

At number 1976 in a list of fastest selling suburbs, Wynyard is just in the bottom half of suburbs in Australia with an average of days on market 81.98 for properties listed there.

Advertised rents are around the $272.5 mark per week – giving a return of 5.93% based on the median price in Suburb

Investment property in Wynyard has done pretty 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 -3.09%

A 23.68% growth in median value for property investors in Wynyard,7325 puts this suburb at number 44th in terms of best performing suburbs in TAS

Property investors looking for a bargain in Wynyard should be aiming for at least -4.31% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 25 properties changed hands in Wynyard, which puts it as the 22th most active market in TAS when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $2940 per annum or $245 every week.

Metrics i HOUSE UNIT
$239,000 $235,000
2.80% -4.08%
-7.09% -3.09%
3.87% 4.70%
$273 $245
108 25
5.93% 5.42%
81.98 100.94

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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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Recent sales & rentals