Newmarket has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 8.64% to date .
Across a shorter period, Newmarket, 4051 has seen a median price increase of 3.09% over the last quarter.
Newmarket, 4051 is offering QLD ‘s 701th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this QLD.
In the last year 48 properties changed hands in Newmarket, which puts it as the 452th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Newmarket being $817000 and the advertised rent reaching $485 the gross rental yield for property investors calculates out to be 3.09%
Over the last year, property investments in Newmarket, 4051 have given investors a capital gain of 1.56%. This compares averagely with the 1.47% for QLD as a whole.
If we look at median property appreciation over just the last three months, Newmarket has given property investors a paper return of 2.27%. This puts Suburb as 79 on a list of fastest fasting appreciating suburbs in QLD
Property investors looking for a bargain in Newmarket should be aiming for at least -4.59% off the asking price, which is the average vendor discount being achieved at the moment.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.73%, without taking into account capital value appreciation, which has been averaging out at 4.54%.
Located just 4km north of the Brisbane CBD, Newmarket is an older established suburb with its own rail station. The suburb has continued to attract younger residents who are looking for convenience and lifestyle.Full summary
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Located just 4km north of the Brisbane CBD, Newmarket is an older established suburb with its own rail station. The suburb has continued to attract younger residents who are looking for convenience and lifestyle.
The suburb’s close proximity to the a number of parks and amenities as well as the QUT’s campus in Kelvin Grove ensures rental demand is also strong in the area.