Investment property in Newtown has done pretty 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 0.81%
When looking at the potential capital gains offered to property investors over the last 3 years, Newtown comes in at number 502th in QLD.
Newtown4350 is located in QLD which offers an average discount of -7.16% to property investors. Newtown itself is showing figures that indicate -7.19% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Newtown have been waiting around 83.22 days to sell a property.
With the median price for a house in Newtown being $310000 and the advertised rent reaching $295 the gross rental yield for property investors calculates out to be 4.95%
Over the last year, property investments in Newtown, 4350 have given investors a capital gain of 1.75%. This compares averagely with the 0.48% for QLD as a whole.
Comparing Newtown,4350 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.15% offered to property buyers. Sellers in Newtown itself are offering an average vendor discount of -5.86% to real estate investors.
In the last year 50 properties changed hands in Newtown, which puts it as the 173th most active market in QLD when comparing the number of sales per suburb.
Advertised rents are around the $270 mark per week – giving a return of 4.84% based on the median price in Suburb