Property investors who have had real estate in Newtown, 4350 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 decrease in value by -3.17%
Across a shorter period, Newtown, 4350 has seen a median price increase of -0.81% over the last quarter.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.21% offered to property buyers. Sellers in Newtown itself are offering an average vendor discount of -7.14% to real estate investors.
At number 623th in the list of Australian suburbs ordered by increase in median house value over the last year, Newtown, 4350 is in the top 40% with a property value increase of 6.91% recorded in median house prices.
The five-year average increase in median property values for Newtown,4350 has given property investors a potential capital gain of 27.14% across each of those five years.
Sellers are offering property buyers an average discount of -5.74% to buyers in Newtown at the moment, which is less than average for the rest of QLD.
Property investors should expect to get $275 weekly from the median priced house in this suburb.