Property investors who have had real estate in Newmarket, 4051 should be relatively unhappy 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 1.91%
Over the longer term, Newmarket has seen property prices show investors a 16.52% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Newmarket is offering property investors an average of -7.16. This rate of discount on properties puts Suburb at number 701th in terms of most discounted suburbs in QLD
Situated 4.16km from the CBD, Newmarket is one of Brisbane localities in the postcode 4051.
Newmarket has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 4.01% to date .
Newmarket,4051 was ranked 1569 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Newmarket are currently offering property investors an average price cut of -8.19% below the asking price at the moment.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 3.42%, investors should hope to achieve an overall return of 4.53%
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.