Property value increases in Newmarket have tracked just higher than the QLD average of 2.38% over the last 12 months.
If we look at median property appreciation over just the last three months, Newmarket has given property investors a paper return of -0.85%. This puts Suburb as 623 on a list of fastest fasting appreciating suburbs in QLD
Newmarket, 4051 is offering QLD ‘s 746th 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 58 properties changed hands in Newmarket, which puts it as the 399th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Newmarket being $815100 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 3.06%
Over the last year, property investments in Newmarket, 4051 have given investors a capital gain of 6.85%. This compares favourably with the 0.65% for QLD as a whole.
While Newmarket,4051 ranked number 100th in QLD for increase in median house value (annualised) increase, it is ranked 43th over the last 5 years.
Vendor discounting in Newmarket is giving property investors an average Vendor Discount of around -5.81%. This puts suburb at number 155th in QLD when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Newmarket the average time real estate has been on the market is 54.52 days.
Renters in Suburb are facing rents around $4740 per annum or $395 every week.
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.