Investment property in Newton 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 -2.97%
Newton,5074 was ranked 3617 in Australia by increase in median property value over the quarter.
Newton5074 is located in SA which offers an average discount of -6.55% to property investors. Newton itself is showing figures that indicate -7.85% is the average achievable by property buyers investing in the suburb.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 3.71%, without taking into account capital value appreciation, which has been averaging out at 4.64%.
SA has seen average median house prices change by 4.44% which means that Newton, 5074 has done well for property investors by showing a capital gain of 13.00% over the last year
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.20% offered to property buyers. Sellers in Newton itself are offering an average vendor discount of -6.56% to real estate investors.
On average over the past year, suburb has had 2.17 sales per month, which equates to 26 per year.
With the median price for a house in Newton being $365000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 4.42%