Giving property investors a a poor capital gain of -4.79% for the last year, Newton, 5074 is the 3557th highest performer in Australia in this respect.
Newton,5074 was ranked 3147 in Australia by increase in median property value over the quarter.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.17% offered to property buyers. Sellers in Newton itself are offering an average vendor discount of -6.13% to real estate investors.
In the last year 85 properties changed hands in Newton, which puts it as the 79th most active market in SA when comparing the number of sales per suburb.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 3.97%, without taking into account capital value appreciation, which has been averaging out at 3.55%.
SA has seen average median house prices change by 3.21% which means that Newton, 5074 has done well for property investors by showing a capital gain of 7.99% over the last year
Comparing Newton,5074 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Newton should be aiming for at least -3.77% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $330 mark per week – giving a return of 4.46% based on the median price in Suburb