Over the last year, property investments in Newmarket, 4051 have given investors a capital gain of -2.08%. This compares badly with the 2.44% for QLD as a whole.
While Newmarket,4051 ranked number 633th in QLD for increase in median house value (annualised) increase, it is ranked 252th over the last 5 years.
Newmarket, 4051 is offering QLD ‘s 834th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this QLD.
In the last year 57 properties changed hands in Newmarket, which puts it as the 413th most active market in QLD when comparing the number of sales per suburb.
A $480 per week rent on the median house gives suburb investors a gross yield of circa 3.12%, without taking into account capital value appreciation, which has been averaging out at 3.96%.
Investment property in Newmarket has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.62%
Taking the average capital gain, or increase in median house value, Newmarket,4051 has racked up an average of -8.62% over the period. This ranks it number 1547th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Newmarket should be aiming for at least -9.05% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Newmarket have been waiting around 86.34 days to sell a property.
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.