Wynnum has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -1.53% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wynnum has increased when compared to the 5 year average annual rate.
Wynnum4178 is located in QLD which offers an average discount of -6.78% to property investors. Wynnum itself is showing figures that indicate -6.26% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Wynnum have been waiting around 77.3832 days to sell a property.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 4.03%, without taking into account capital value appreciation, which has been averaging out at 3.12%.
Wynnum, 4178 ranked 128th in QLD when comparing growth in median property values or capital gain over the last 12 months. Wynnum is one of 2415 in our list for QLD
Wynnum,4178 was ranked 413 in Australia by increase in median property value over the quarter.
Wynnum4178 is located in QLD which offers an average discount of -6.19% to property investors. Wynnum itself is showing figures that indicate -9.03% is the average achievable by property buyers investing in the suburb.
At number 1271 in a list of fastest selling suburbs, Wynnum is in the bottom 10% of suburbs in Australia with an average of days on market 119.559 for properties listed there.
Renters in Suburb are facing rents around $20800 per annum or $400 every week.
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Wynnum lies in a coastal location about a half-hour’s drive east of the Brisbane CBD, has its own train station and a good selection of amenities. It made Your Investment Property's top 100 in 2011 thanks to its desirable location close to the recently rejuvenated waterfront, its good transport links into the city and the fact that it’s very much a buyer’s market.
“Agents there are pulling out their hair trying to sell property,” says Hot Property Specialists’ Liz Wilcox. “There are excellent opportunities there to buy below market value.”
She adds that, with the beautification of the waterfront from Wynnum to Manly that’s taken place over the last five years, an area that used to be dominated by mangroves can now count itself as a pleasantly liveable seaside suburb.
“It’s an area for a low-risk, long-hold strategy,” she says. “You can buy well now and hold for 10 years.”
She adds that the tenant base will mainly be comprised of families looking for less than inner-city rents in an area that still has a good train service to the CBD. With that in mind, she suggests going for three-bedroom, two-bathroom, family friendly houses.
“The avenues area, close to the golf course, is the most sought after,” she says. “There are a lot of properties here that have been renovated or split, and there’s the possibility to buy properties that are under two years old for the best depreciation rates.”
This area comprises of Boxgrove Avenue, Waterview Avenue, Moreton Avenue and Tamaree Avenue.