TAS has seen average median house prices change by 6.13% which means that Newnham, 7248 has done well for property investors by showing a capital gain of -5.80% over the last year
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.
Property investors looking for a bargain in Newnham should be aiming for at least -8.24% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Newnham have been waiting around 100.45 days to sell a property.
Advertised rents are around the $290 mark per week – giving a return of 6.40% based on the median price in Suburb
Over the last year, property investments in Newnham, 7248 have given investors a capital gain of -3.49%. This compares badly with the 3.78% for TAS as a whole.
Newnham,7248 has offered an average of -3.49% return per annum in house price rises to property investors over the last three years.
Newnham7248 is located in TAS which offers an average discount of -5.14% to property investors. Newnham itself is showing figures that indicate -5.38% is the average achievable by property buyers investing in the suburb.
Newnham, 7248’s gross rental yield is 6.64%