If you compare the increase in value of investment property in Newport, 2106 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 21.96%.
Over the longer term, Newport has seen property prices show investors a 56.40% return over the last 3 years. This is worse than over the last 12 months
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Newport itself are offering an average vendor discount of -8.40% to real estate investors.
Using the current median advertised rental of $995 and the average annual increase in value of a median property of 7.79%, investors should hope to achieve an overall return of 2.65%
Investment property in Newport has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.12%
A 65.05% growth in median value for property investors in Newport,2106 puts this suburb at number 392th in terms of best performing suburbs in NSW
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.13% offered to property buyers. Sellers in Newport itself are offering an average vendor discount of -2.97% to real estate investors.
On average over the past year, suburb has had 8.42 sales per month, which equates to 101 per year.
Renters in Suburb are facing rents around $6900 per annum or $575 every week.