Giving property investors a a stable capital gain of 6.26% for the last year, Wynyard, 7325 is the 1331th highest performer in Australia in this respect.
Over the longer term, Wynyard has seen property prices show investors a 8.74% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Wynyard is $280000, with sellers offering an average of -4.02% off the asking price.
Residents and property investors in Wynyard have been waiting around 61.5 days to sell a property.
Property investors should expect to get $285 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Wynyard, 7325 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was -5.53%.
If we look at median property appreciation over just the last three months, Wynyard has given property investors a paper return of 0.00%. This puts Suburb as 39 on a list of fastest fasting appreciating suburbs in TAS
Sellers are offering property buyers an average discount of -4.89% to buyers in Wynyard at the moment, which is less than average for the rest of TAS.
In the last year 17 properties changed hands in Wynyard, which puts it as the 47th most active market in TAS when comparing the number of sales per suburb.
The TAS suburb of Wynyard, 7325 is in the Waratah/Wynyard (M) local government area.
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.