Property investors who have had real estate in Newport, 3015 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.47%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Newport has increased when compared to the 5 year average annual rate.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.87% offered to property buyers. Sellers in Newport itself are offering an average vendor discount of -9.49% to real estate investors.
Newport, 3015’s gross rental yield is 2.74%
Property value increases in Newport have tracked just lower than the VIC average of 4.26% over the last 12 months.
Over the longer term, Newport has seen property prices show investors a 19.37% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Newport is giving property investors an average Vendor Discount of around -6.47%. This puts suburb at number 56th in VIC when ranking the most discounted suburbs.