Wynnum

POSTAL CODE: QLD, 4178

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 34.72% capital gain.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,300,000.

Profits due to an upward trend in home prices there averaged 11.57% per annum over a 3-year period.

Home owners selling their properties and realtors in WYNNUM usually have to wait an average of 43.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $700 mark, reflecting a 2.8% increase in returns based on the current median price in WYNNUM.

WYNNUM, 4178 places 364th in Australia based on median property value growth during the quarter.

Property investors in WYNNUM enjoyed capital gains of 11.95% over the last 12 months translating to lower returns compared with its peers in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in WYNNUM are low, as opposed to average gains per annum over the past five years.

WYNNUM posted a 37.25% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

Real estate investors could earn a rental income of $600 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $600 mark, reflecting a 3.84% increase in returns based on the current median price in WYNNUM.

WYNNUM, 4178 ranks 274th in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

WYNNUM ranks 229th on the list of best yielding suburbs for rental properties in QLD, posting a 3.84% return.

Surburb overview

Wynnum, postcode 4178, is a coastal suburb approximately 15 kilometres east of Brisbane's central business district (CBD). As of the 2021 census, Wynnum had a population of 14,036 residents.

The suburb is renowned for its relaxed coastal lifestyle, featuring abundant walking tracks, bike paths, and recreational facilities. Wynnum's coastline, jetty, and tidal wading pool make it a popular destination for locals and visitors.

Public transportation in Wynnum is well-developed, offering residents multiple commuting options. The suburb is serviced by several train stations, including Wynnum, Wynnum North, and Wynnum Central, providing regular services to Brisbane's CBD and surrounding areas. Additionally, multiple bus routes traverse the suburb, facilitating convenient travel within Brisbane.

Essential establishments in Wynnum include shopping centres like Wynnum Plaza, which houses major retailers such as Woolworths, Coles, and Kmart, along with various specialty stores. The suburb also offers a variety of cafes, restaurants, and bars, contributing to a dynamic dining scene.

Residents can enjoy the numerous parks and green spaces within the suburb for recreational activities. The waterfront esplanade is ideal for picnics, walks, and cycling, offering scenic views of Moreton Bay. The Wynnum Wading Pool and Pandanus Beach are popular spots for families. Additionally, the area hosts major annual festivals, including the Wynnum Fringe, which are held over three weeks in November each year.

In terms of property, the median house price in Wynnum is approximately $1,300,000, with an annual capital growth of 32.65%. There were 215 house sales in the past 12 months, with properties spending an average of 15 days on the market. Rental yields for houses are currently around 3.19%, with a median weekly rent of $690.

Overall, Wynnum offers a blend of coastal charm and urban convenience, making it an attractive option for residents and investors.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,300,000	$812,500
Growth Report
Median Quarterly	3.92%	8.33%
Median 12 month	0%	11.95%
Median 3 years	34.72%	37.25%
Median 5 years	85.71%	71.78%
10 years average annual	8.28%	7.13%
Weekly media advert. rent	$700	$600
Time on Market	43.2 days	29.9 days
Gross Rental Yield Percent	2.8%	3.84%

Demographics (Median Values)*

Total Population 11718

Weekly Household Income 983.5

Household Size 2.40

Average Age 39

Monthly Loan Repayment 1500

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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