At number 2433th in the list of Australian suburbs ordered by increase in median house value over the last year, Newport, 4020 is in the BOTTOM 50% with a property value increase of 2.97% 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 214th in QLD.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.24% offered to property buyers. Sellers in Newport itself are offering an average vendor discount of -7.45% to real estate investors.
On average over the past year, suburb has had 5.67 sales per month, which equates to 68 per year.
A $662.5 per week rent on the median house gives suburb investors a gross yield of circa 3.83%, without taking into account capital value appreciation, which has been averaging out at 4.49%.