Property investors who have had real estate in Newmarket, 4051 should be relatively pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.54%
Taking the average capital gain, or increase in median house value, Newmarket,4051 has racked up an average of 7.54% over the period. This ranks it number 1691th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Newmarket is $827000, with sellers offering an average of -4.15% off the asking price.
At number 1145 in a list of fastest selling suburbs, Newmarket is in the TOP 40% of suburbs in Australia with an average of days on market 65.51 for properties listed there.
Newmarket is 732th on a list of best yielding suburbs for rents in QLD with a 2.97% return
Giving property investors a a solid capital gain of 11.33% for the last year, Newmarket, 4051 is the 345th highest performer in Australia in this respect.
Newmarket,4051 has offered an average of 11.33% return per annum in house price rises to property investors over the last three years.
The most recent median price for Newmarket is $479000, with sellers offering an average of -5.90% off the asking price.
Newmarket, 4051’s gross rental yield is 4.15%
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.