Investment property in Newnham 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 -0.44%
Newnham,7248 was ranked 2944 in Australia by increase in median property value over the quarter.
At number 37th 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.
A $280 per week rent on the median house gives suburb investors a gross yield of circa 6.09%, without taking into account capital value appreciation, which has been averaging out at 1.33%.
Newnham is an average performer in TAS when comparing median price capital growth over the last year. Newnham gave property investors a average capital gain figure when compared to the rest of the state, with 4.32%.
Taking the average capital gain, or increase in median house value, Newnham,7248 has racked up an average of 4.32% over the period. This ranks it number 842th in the whole country for real estate investors looking at median house price increases.
Newnham7248 is located in TAS which offers an average discount of -5.48% to property investors. Newnham itself is showing figures that indicate -5.82% is the average achievable by property buyers investing in the suburb.
Newnham, 7248’s gross rental yield is 6.20%