Over the last year, property investments in Newport, 4020 have given investors a capital gain of 9.82%. This compares very favourably with the 2.06% for QLD as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Newport has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -7.29% to buyers in Newport at the moment, which is less than average for the rest of QLD.
On average over the past year, suburb has had 5.83 sales per month, which equates to 70 per year.
With the median price for a house in Newport being $922500 and the advertised rent reaching $675 the gross rental yield for property investors calculates out to be 3.80%