Newnham is in the TOP 30% in TAS when comparing median price capital growth over the last year. Newnham gave property investors a good capital gain figure when compared to the rest of the state, with 6.74%.
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 buyers and investors in Newnham 7248 should be seeing an average reduction in asking price of around -8.10% . This means that Newnham is holding prices well when compared to other suburbs in TAS.
Property investors who have had real estate in Newnham, 7248 should be pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.86%
If we look at median property appreciation over just the last three months, Newnham has given property investors a paper return of 11.01%. This puts Suburb as 4 on a list of fastest fasting appreciating suburbs in TAS
Sellers are offering property buyers an average discount of -6.21% to buyers in Newnham at the moment, which is less than average for the rest of TAS.
At number 246 in a list of fastest selling suburbs, Newnham is in the TOP 20% of suburbs in Australia with an average of days on market 47.56 for properties listed there.
Property investors should expect to get $225 weekly from the median priced house in this suburb.