If you compare the increase in value of investment property in Newnham, 7248 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was -1.48%.
Newnham,7248 was ranked 3343 in Australia by increase in median property value over the quarter.
At number 31th 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.
Using the current median advertised rental of $285 and the average annual increase in value of a median property of 1.21%, investors should hope to achieve an overall return of 6.27%
Giving property investors a an average capital gain of 2.16% for the last year, Newnham, 7248 is the 894th highest performer in Australia in this respect.
Across a shorter period, Newnham, 7248 has seen a median price increase of 2.16% over the last quarter.
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 -6.10% to real estate investors.
Situated 127.60km from the CBD, Newnham is one of Launceston localities in the postcode 7248.