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 -3.26%.
While Newmarket,4051 ranked number 457th in QLD for increase in median house value (annualised) increase, it is ranked 214th over the last 5 years.
Newmarket, 4051 is offering QLD ‘s 832th 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.
Property investors should expect to get $470 weekly from the median priced house in this suburb.
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 -5.33%
Over the longer term, Newmarket has seen property prices show investors a -5.70% return over the last 3 years. This is an improvement over the last 12 months
Sellers are offering property buyers an average discount of -8.55% to buyers in Newmarket at the moment, which is less than average for the rest of QLD.
In the last year 30 properties changed hands in Newmarket, which puts it as the 253th most active market in QLD when comparing the number of sales per suburb.
Advertised rents are around the $392.5 mark per week – giving a return of 4.79% based on the median price in 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.