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 14.65%.
A 75.61% growth in median value for property investors in Newport,2106 puts this suburb at number 632th 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 -5.49% offered to property buyers. Sellers in Newport itself are offering an average vendor discount of -7.44% to real estate investors.
Residents and property investors in Newport have been waiting around 56.87 days to sell a property.
Property investors should expect to get $950 weekly from the median priced house in this suburb.
Over the last year, property investments in Newport, 2106 have given investors a capital gain of 27.86%. This compares very favourably with the 6.07% for NSW as a whole.
Over the longer term, Newport has seen property prices show investors a 46.72% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Newport 2106 should be seeing an average reduction in asking price of around -4.39% . This means that Newport is holding prices well when compared to other suburbs in NSW.