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1 MIN READVictoria Breaks Residential Property Price Records
According to the Real Estate Institute of Victoria's (REIV) September quarter report, Victoria's residential median prop...
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Wynnum WestWynnum West - SUBURB PROFILE REPORT
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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 4.1% growth over a ten-year period. It ranks 2468th on our list of suburbs that property investors should look into.
WYNNUM WEST, 4178 in QLD belongs to the local government area of Brisbane (C).
WYNNUM WEST, 4178 has a capital gain of 13.56% for the past year, which is higher than average compared to its 25.07% growth within a five-year period.
With the median home price in WYNNUM WEST sitting at $629,100, and the average rent at $490, property owners could potentially earn a 4.05% 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.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $629,100 | $370,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.85% | 4.96% |
| Median 12 month | 13.56% | 5.71% |
| Median 3 years | 16.72% | 7.25% |
| Median 5 years | 25.07% | 8.19% |
| 10 years average annual | 4.1% | 1.08% |
| Weekly media advert. rent | $490 | $390 |
| Time on Market | 32.8 days | 33.3 days |
| Gross Rental Yield Percent | 4.05% | 5.48% |
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