The suburb’s capital gain of 3.38% for the past year is higher than average compared to its 10.73% growth within a five-year period.
Also in WYNYARD, the median home price is sitting at $245,000, and the average rent at $270, this suggests property owners could potentially earn a 5.73% increase in gross rental yield.
Property investors have seen a 1.03% gain in WYNYARD based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 3.14% growth over a ten-year period. It ranks 2544th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.38%||-9.31%|
|Median 3 years||-3.92%||10.12%|
|Median 5 years||10.73%||21.71%|
|10 years average annual||3.14%||2.74%|
|Weekly media advert. rent||$270||$250|
|Time on Market||82.5 days||100.9 days|
|Gross Rental Yield Percent||5.73%||5.62%|