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.