Suburb Profile Report for Wynyard TAS (7325)

Wynyard House: Median price $299,500, Annual capital growth 2.47%, Number of sales 120, Weekly median advertised rent $300

Wynyard Unit: Median price $233,500, Annual capital growth 2.67%, Number of sales 20, Weekly median advertised rent $250

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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If you compare the increase in value of investment property in Wynyard, 7325 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 5.09%.

A 17.45% growth in median value for property investors in Wynyard,7325 puts this suburb at number 146th in terms of best performing suburbs in TAS

Wynyard7325 is located in TAS which offers an average discount of -5.70% to property investors. Wynyard itself is showing figures that indicate -5.25% is the average achievable by property buyers investing in the suburb.

At number 1837 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 77.5132 for properties listed there.

Situated 248.89km from the CBD, Wynyard is one of Waratah/Wynyard (M) localities in the postcode 7325.

Over the last year, property investments in Wynyard, 7325 have given investors a capital gain of 5.18%. This compares averagely with the 2.66% for TAS as a whole.

Across a shorter period, Wynyard, 7325 has seen a median price increase of 6.99% over the last quarter.

At number 5th of TAS’s most discounted properties, Wynyard is in the bottom 30% of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 1.67 sales per month, which equates to 20 per year.

Property investors should expect to get $250 weekly from the median priced house in this suburb.

Information supplied by:


July 2017

M
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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. 


 
Metrics i HOUSE UNIT
$299,500 $233,500
-0.99% 6.99%
5.09% 5.18%
2.47% 2.67%
$300 $250
120 20
5.21% 5.57%
77.5131578947368 117.8

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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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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