QLD Wynnum

Yeah, it has gone up heaps!

As an example;
Sold Price for 161 Wynnum Road North Wynnum Qld 4178 and
Sold Price for 161 Wynnum North Rd Wynnum Qld 4178
It may only look like a 32K increase, but if you look more closely, you will realise the land is half the size in the second listing.Yep, the person who bought it the first time around has managed to subdivide the back half of the block, and from memory it is going for 370K.
I was actually looking at this one back in May last year and I believe it went under contract a day or 2 after listing.

Here's another:
Sold Price for 28 Irene Street Wynnum Qld 4178
Sold Price for 28 Irene Street Wynnum Qld 4178

The area still has plenty more growth in it, in particular over the next 2 years.

 

Thanks for that reply, looks like the market has move substantially last couple of years.
Do you reckon it has outperformed Rest of Brissy market?

The other question is there any experts in here about subdividing block options. Looking at a 923m2 within 200m of walk zone. Only 15.8m wide, how many block could you divide down too, obviously after that Wynnum road example the money is non traditional splits at the moment 20m X 40m 800m2 seem to be no money in them

 

I bought a block of land in mid 2014. A smaller block in a less desirable area just sold for 15% more than I paid.

 

Do you mind revealing which suburb ?

 

Er, Wynnum.

 

Was the block even sub divisible? That was a nice holding profit.

 

Nope, 405m2/10x40.. I stuck a house on it.

 

That's really annoying!

 

Data from SQM shows that the 12 month % change in house prices was 11.5%

 

'It was said that Wynnum is 'Australia's Property Investors' hot 100 and rated in the top 10 suburbs for growth in Queensland (Domain).
Queensland’s Wynnum was one of those which also made the list as one that was flying under the radar but with growth fundamentals(property observer).'

Wynnum central, as shown in the map, especially the east part of the railway line, is the best position and more expensive than the other parts of Wynnum, it has a lot to offer, walk to beach front, jetty, wadding pool, Woolworths, Cloes, new library, cafes, shops, and lots of new construction will bring more shops in this area.

This townhouse is selling at $719,000.
29 Clara Street Wynnum Qld 4178 - House for Sale #124061442 - realestate.com.au

 

Alway happy to hear positive things about Wynnum .

Cliff

 

Without looking at comparables for 3br houses in Wynnum

RE


SQM



PF


Not much stock?

 

Agent said no stock for some time now......

700 for townhouse too much....imo....had a old townhouse offered for under 300k near station

Wasnt selina was it.....on line ?

 

No not Selina.

Had a bank val a few months back which put the land at $400k. There's a house been knocked down on my street a month back, and another house being cleared for demo now.

Plenty going on the area.

 

Yes, the whole bay area from Wynnum down to the creek at Lota is transforming, would not mind living there one day....

 

I'm quite surprised in these forums that there isn't more talk of these bayside suburbs

 

Bayside suburbs, hype hype hype!! Best climate in Brissie. .. beautiful views. ... why not keep this all quiet so we can just enjoy it....

 

Is that your boat in the background:

"The Gockie Gondola"

I couldn't quite make out the boat's name in the photo.

 

Hmmm... That has a very nice ring to it..... Then I'd probably short term rent it out when I'm not using it, make a killing doing that and enjoy the ownership of it myself with it too....#alwaysfindingadollar?

 

I have already patented the name. I am happy to licence you to use the name on a non-exclusive basis on payment of an exorbitant, annual royality fee. #alwaysfindingadollar