If you compare the increase in value of investment property in Newmarket, 4051 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -2.91%.
Taking the average capital gain, or increase in median house value, Newmarket,4051 has racked up an average of -2.91% over the period. This ranks it number 2187th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Newmarket, 4051. Typically our figures indicate that -5.89% is being offered, which puts this QLD suburb at 1774th most discounted overall in Australia.
Advertised rents are around the $475 mark per week – giving a return of 3.09% based on the median price in Suburb
QLD has seen average median house prices change by 0.66% which means that Newmarket, 4051 has done well for property investors by showing a capital gain of 1.18% over the last year
The five-year average increase in median property values for Newmarket,4051 has given property investors a potential capital gain of 10.26% across each of those five years.
Sellers are offering property buyers an average discount of -9.51% to buyers in Newmarket at the moment, which is less than average for the rest of QLD.
In the last year 21 properties changed hands in Newmarket, which puts it as the 294th most active market in QLD when comparing the number of sales per suburb.
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.