Property value increases in Newport have tracked just higher than the NSW average of 8.99% over the last 12 months.
Across a shorter period, Newport, 2106 has seen a median price increase of 1.27% over the last quarter.
Property buyers and investors in Newport 2106 should be seeing an average reduction in asking price of around -8.15% . This means that Newport is holding prices well when compared to other suburbs in NSW.
A $1000 per week rent on the median house gives suburb investors a gross yield of circa 3.25%, without taking into account capital value appreciation, which has been averaging out at 5.72%.
Over the last year, property investments in Newport, 2106 have given investors a capital gain of 5.15%. This compares badly with the 8.14% for NSW as a whole.
Newport,2106 was ranked 929 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Newport should be aiming for at least -1.97% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Newport have been waiting around 42.46 days to sell a property.
With the median price for a house in Newport being $715000 and the advertised rent reaching $560 the gross rental yield for property investors calculates out to be 4.07%