If you compare the increase in value of investment property in Newport, 3015 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 17.88%.
Newport,3015 was ranked 609 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.99% offered to property buyers. Sellers in Newport itself are offering an average vendor discount of -1.62% to real estate investors.
Advertised rents are around the $485 mark per week – giving a return of 2.83% based on the median price in Suburb
Newport, 3015 ranked 188th in VIC when comparing growth in median property values or capital gain over the last 12 months. Newport is one of 2098 in our list for VIC
Newport,3015 was ranked 948 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Newport is offering property investors an average of -5.27. This rate of discount on properties puts Suburb at number 111th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Newport the average time real estate has been on the market is 59.75 days.