At number 2772th in the list of Australian suburbs ordered by increase in median house value over the last year, Newnham, 7248 is in the BOTTOM 40% with a property value increase of 0.96% recorded in median house prices.
A -3.16% growth in median value for property investors in Newnham,7248 puts this suburb at number 138th in terms of best performing suburbs in TAS
At number 38th of TAS’s most discounted properties, Newnham is in the bottom 30% of the state/territory when listing in order of most discounted to least.
With the median price for a house in Newnham being $237250 and the advertised rent reaching $287.5 the gross rental yield for property investors calculates out to be 6.30%
Newnham is in the TOP 10% in TAS when comparing median price capital growth over the last year. Newnham gave property investors a very good capital gain figure when compared to the rest of the state, with 26.05%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Newnham has fallen somewhat when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Newnham are currently offering property investors an average price cut of -5.07% below the asking price at the moment.
Property investors should expect to get $230 weekly from the median priced house in this suburb.