At number 743th in the list of Australian suburbs ordered by increase in median house value over the last year, Newport, 2106 is in the top 20% with a property value increase of 12.48% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Newport comes in at number 217th in NSW.
Our latest figures would indicate that property sellers in Newport are currently offering property investors an average price cut of -9.02% below the asking price at the moment.
Using the current median advertised rental of $950 and the average annual increase in value of a median property of 5.81%, investors should hope to achieve an overall return of 3.09%
Property value increases in Newport have tracked close to the NSW average of 6.59% over the last 12 months.
A 34.58% growth in median value for property investors in Newport,2106 puts this suburb at number 97th in terms of best performing suburbs in NSW
At number 396th of NSW’s most discounted properties, Newport is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Renters in Suburb are facing rents around $6720 per annum or $560 every week.