If you compare the increase in value of investment property in Wynnum, 4178 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was -3.35%.
Over the longer term, Wynnum has seen property prices show investors a 10.53% return over the last 3 years. This is worse than over the last 12 months
Wynnum4178 is located in QLD which offers an average discount of -7.01% to property investors. Wynnum itself is showing figures that indicate -5.97% is the average achievable by property buyers investing in the suburb.
Giving property investors a a stable capital gain of 2.41% for the last year, Wynnum, 4178 is the 459th highest performer in Australia in this respect.
While Wynnum,4178 ranked number 273th in QLD for increase in median house value (annualised) increase, it is ranked 94th over the last 5 years.
Wynnum4178 is located in QLD which offers an average discount of -6.43% to property investors. Wynnum itself is showing figures that indicate -7.65% is the average achievable by property buyers investing in the suburb.
In the last year 64 properties changed hands in Wynnum, which puts it as the 86th most active market in QLD when comparing the number of sales per suburb.
Advertised rents are around the $400 mark per week – giving a return of 4.89% based on the median price in Suburb
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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.