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Wynnum West

POSTAL CODE: QLD, 4178
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Based on its average 5-year and quarterly capital gains WYNNUM WEST, 4178 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that WYNNUM WEST, 4178 obtained a 9.31% growth over a ten-year period. It ranks 321st on our list of suburbs that property investors should look into.

WYNNUM WEST, 4178 in QLD belongs to the local government area of Brisbane.

WYNNUM WEST, 4178 has a capital gain of 16.63% for the past year, which is lower than average compared to its 101.4% growth within a five-year period.

With the median home price in WYNNUM WEST sitting at $1,150,000, and the average rent at $692.5, property owners could potentially earn a 3.13% increase in gross rental yield.

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

Surburb overview

Wynnum West, postcode 4178, is a suburb located approximately 17.7 kilometres east of Brisbane's central business district (CBD).

As of the 2021 census, Wynnum West had a population of 12,790 residents. The suburb encompasses an area of approximately 5.8 square kilometres and features 33 parks, covering nearly 10.6% of its total area.

The predominant age group in Wynnum West is 40-49, with households primarily consisting of couples with children. The average household size is 2.6 people, and the median weekly household income is approximately $1,791.

Public transportation in Wynnum West includes access to the Lindum railway station, providing regular services to Brisbane's CBD and surrounding areas. Several bus routes also service the suburb, facilitating convenient travel within Brisbane.

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

For recreational activities, residents can enjoy the numerous parks and green spaces within the suburb, providing ample opportunities for outdoor activities and community events.

In terms of property, the median house price in Wynnum West is approximately $990,000, with an annual capital growth of 16.47%. There were 199 house sales in the past 12 months, with properties spending an average of 16 days on the market. Rental yields for houses are currently around 3.78%, with a median weekly rent of $685.

Wynnum West offers a blend of suburban tranquillity and urban convenience, making it an attractive option for residents and investors.

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