Over the last year, property investments in Newport, 2106 have given investors a capital gain of 18.24%. This compares very favourably with the 6.38% for NSW as a whole.
Comparing Newport,2106 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Newport2106 is located in NSW which offers an average discount of -5.50% to property investors. Newport itself is showing figures that indicate -10.07% is the average achievable by property buyers investing in the suburb.
At number 1039th in the list of Australian suburbs ordered by increase in median house value over the last year, Newport, 2106 is in the BOTTOM 50% with a property value increase of 0.48% 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 292th in NSW.
Property investors looking for a bargain in Newport should be aiming for at least -2.87% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $570 and the average annual increase in value of a median property of 5.35%, investors should hope to achieve an overall return of 4.01%