At number 531th 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 14.75% 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 146th in NSW.
LACK OF BUYER INTEREST may well be the reason that Newport is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 141th in terms of most discounted suburbs in NSW
A $950 per week rent on the median house gives suburb investors a gross yield of circa 2.82%, without taking into account capital value appreciation, which has been averaging out at 6.71%.
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 14.75%.
Across a shorter period, Newport, 2106 has seen a median price increase of 8.23% over the last quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.41% offered to property buyers. Sellers in Newport itself are offering an average vendor discount of -3.09% to real estate investors.
Often selling an investment property can take time, and in Newport the average time real estate has been on the market is 36.41 days.
A $570 per week rent on the median house gives suburb investors a gross yield of circa 3.66%, without taking into account capital value appreciation, which has been averaging out at 6.07%.