Source: Wynnum Herald, 13th August 2014 by Ellen-Maree Elliot
Wynnum West and Wynnum are two of Queensland’s top rental markets.
A report by On The House showed Wynnum West’s rental yield had increased by 0.13% to 5.37% while Wynnum had increased 0.08% to 4.97%.
Harcourts Green Living principal David Green said the yields in the areas were excellent.
An agent recently sold a house in Wynnum West wich was already netting a 5% yield for its buyer.
Mr Green said the buyer had asked his real estate agent to let him know if any similar properteries came onto the market.
“That sort of yield is very typical in the bayside,” Mr Green said.
“What baysiders have known for years, the world is catching up to,” he said.
“You’re a seaside suburb but only 14km from the city.”
He said there were exceptional schools in the area as well as shopping centres and decent public transport.
“We have a lot more young families who are our tenants with small childnre and young couples who plan to have children.” he said.
Mr Green said there were overseas and domestic buyers interested in the bayside.
AR Developments currently have two townhouse projects in Wynnum West.