Newtown, 4350 ranked 613th in QLD when comparing growth in median property values or capital gain over the last 12 months. Newtown is one of 2415 in our list for QLD
Comparing Newtown,4350 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Newtown, 4350. Typically our figures indicate that -6.66% is being offered, which puts this QLD suburb at 1463th most discounted overall in Australia.
In the last year 207 properties changed hands in Newtown, which puts it as the 56th most active market in QLD when comparing the number of sales per suburb.
If you compare the increase in value of investment property in Newtown, 4350 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 0.22%.
A 15.66% growth in median value for property investors in Newtown,4350 puts this suburb at number 324th in terms of best performing suburbs in QLD
Property investors looking for a bargain in Newtown should be aiming for at least -5.62% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 4.42 sales per month, which equates to 53 per year.
With the median price for a house in Newtown being $278750 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 5.04%