NSW has seen average median house prices change by 9.05% which means that Newport, 2106 has done well for property investors by showing a capital gain of 13.48% over the last year
Over the longer term, Newport has seen property prices show investors a 50.83% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -7.33% to buyers in Newport at the moment, which is less than average for the rest of NSW.
The NSW suburb of Newport, 2106 is in the Pittwater local government area.
At number 152th in the list of Australian suburbs ordered by increase in median house value over the last year, Newport, 2106 is in the top 10% with a property value increase of 18.72% recorded in median house prices.
If we look at median property appreciation over just the last three months, Newport has given property investors a paper return of 4.23%. This puts Suburb as 152 on a list of fastest fasting appreciating suburbs in NSW
Property buyers and investors in Newport 2106 should be seeing an average reduction in asking price of around -4.74% . This means that Newport is holding prices well when compared to other suburbs in NSW.
Using the current median advertised rental of $567.5 and the average annual increase in value of a median property of 6.04%, investors should hope to achieve an overall return of 3.47%