Over the last year, property investments in Newnham, 7248 have given investors a capital gain of 5.71%. This compares favourably with the 3.25% for TAS as a whole.
The five-year average increase in median property values for Newnham,7248 has given property investors a potential capital gain of -2.91% across each of those five years.
Vendor discounting in Newnham is giving property investors an average Vendor Discount of around -8.63%. This puts suburb at number 29th in TAS when ranking the most discounted suburbs.
Using the current median advertised rental of $275 and the average annual increase in value of a median property of 1.85%, investors should hope to achieve an overall return of 5.72%
If you compare the increase in value of investment property in Newnham, 7248 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 7.41%.
Taking the average capital gain, or increase in median house value, Newnham,7248 has racked up an average of 7.41% over the period. This ranks it number 1043th in the whole country for real estate investors looking at median house price increases.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.46% offered to property buyers. Sellers in Newnham itself are offering an average vendor discount of -6.35% to real estate investors.
Residents and property investors in Newnham have been waiting around 75.68 days to sell a property.
Advertised rents are around the $225 mark per week – giving a return of 6.59% based on the median price in Suburb