Suburb Profile Report for Wynyard TAS (7325)

Wynyard House: Median price $253,000, Annual capital growth 2.86%, Number of sales 121, Weekly median advertised rent $280

Wynyard Unit: Median price $235,000, Annual capital growth 3.34%, Number of sales 25, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Wynyard has had a pretty average year for property investment returns compared to the rest of TAS, giving investors a capital gain of 10.00% to date .

If we look at median property appreciation over just the last three months, Wynyard has given property investors a paper return of 1.20%. This puts Suburb as 116 on a list of fastest fasting appreciating suburbs in TAS

Property investors looking for a bargain in Wynyard should be aiming for at least -6.66% off the asking price, which is the average vendor discount being achieved at the moment.

At number 2435 in a list of fastest selling suburbs, Wynyard is in the bottom 40% of suburbs in Australia with an average of days on market 86.54 for properties listed there.

A $280 per week rent on the median house gives suburb investors a gross yield of circa 5.75%, without taking into account capital value appreciation, which has been averaging out at 2.86%.

Wynyard, 7325 ranked 50th in TAS when comparing growth in median property values or capital gain over the last 12 months. Wynyard is one of 606 in our list for TAS

Wynyard,7325 was ranked 600 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -5.53% to buyers in Wynyard at the moment, which is less than average for the rest of TAS.

On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.

With the median price for a house in Wynyard being $235000 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 5.75%

Information supplied by:


July 2017

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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

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. 


 Close
Metrics i HOUSE UNIT
$253,000 $235,000
1.20% 2.17%
10.00% -7.84%
2.86% 3.34%
$280 $260
121 25
5.75% 5.75%
86.54 83.44

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Wynyard TAS
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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Recent sales & rentals