Over the last year, property investments in Wynyard, 7325 have given investors a capital gain of 13.83%. This compares favourably with the 10.74% for TAS as a whole.
Comparing Wynyard,7325 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Wynyard is $286000, with sellers offering an average of -5.75% off the asking price.
Wynyard is 65th on a list of best yielding suburbs for rents in TAS with a 5.09% return
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 -2.72%
Wynyard,7325 was ranked 647 in Australia by increase in median property value over the quarter.
At number 1st of TAS’s most discounted properties, Wynyard is in the bottom 10% of the state/territory when listing in order of most discounted to least.
With the median price for a house in Wynyard being $223750 and the advertised rent reaching $250 the gross rental yield for property investors calculates out to be 5.81%
In the past 12 months leading up to May 2017, Wynyard reported over 8% growth in unit prices; nonetheless, the median price remains very low at under $250,000.Full summary
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Unit market blooms in Table Cape home
Median unit price: $245,000
Three-year growth: 15.29%
Rental yield: 5.09%
Drive 20 minutes west out from Burnie, and you’ll enter the rural suburb of Wynyard. It is regarded as a service hub for the surrounding towns, which could account for its strong performance despite being a considerable distance from Hobart.
In the past 12 months leading up to May 2017, Wynyard reported over 8% growth in unit prices; nonetheless, the median price remains very low at under $250,000. Given the high average yield that investors can expect to earn (5.1%) and the suburb’s potential for long-term appeal, we could see investments go up.
Wynyard is a tourist destination known for its beach, which facilitates water activities such as fishing and kayaking. Cafes and shops line the streets, and the Wynyard Foreshore Market is held every couple of weeks.