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.