Suburb Profile Report for Wynyard TAS (7325)

Wynyard House: Median price $229,500, Annual capital growth 2.65%, Number of sales 95, Weekly median advertised rent $270

Wynyard Unit: Median price $255,000, Annual capital growth 5.06%, Number of sales 29, Weekly median advertised rent $235

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3836th in the list of Australian suburbs ordered by increase in median house value over the last year, Wynyard, 7325 is in the BOTTOM 10% with a property value increase of -10.79% recorded in median house prices.

Wynyard,7325 has offered an average of -10.79% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Wynyard, 7325. Typically our figures indicate that -6.98% is being offered, which puts this TAS suburb at 1265th most discounted overall in Australia.

In the last year 95 properties changed hands in Wynyard, which puts it as the 16th most active market in TAS when comparing the number of sales per suburb.

Wynyard, 7325’s gross rental yield is 6.12%

Giving property investors a a solid capital gain of 11.84% for the last year, Wynyard, 7325 is the 307th highest performer in Australia in this respect.

Over the longer term, Wynyard has seen property prices show investors a 13.33% return over the last 3 years. This is worse than over the last 12 months

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.

With the median price for a house in Wynyard being $255000 and the advertised rent reaching $235 the gross rental yield for property investors calculates out to be 4.79%

HOUSE UNIT
$229,500 $255,000
-3.16% -0.78%
-10.79% 11.84%
2.65% 5.06%
$270 $235
95 29
6.12% 4.79%
97.75 68.55

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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Recent sales & rentals