Property value increases in New Port have tracked just lower than the SA average of 4.28% over the last 12 months.
Comparing New Port,5015 ‘s 5year and quarterly average capital gain offered to property investors, it performed the same across the longer period
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.06% offered to property buyers. Sellers in New Port itself are offering an average vendor discount of -8.66% to real estate investors.
With the median price for a house in New Port being $388750 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.28%