Investment property in Newport has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.14%
While Newport,3015 ranked number 259th in VIC for increase in median house value (annualised) increase, it is ranked 201th over the last 5 years.
Vendor discounting in Newport is giving property investors an average Vendor Discount of around -5.80%. This puts suburb at number 277th in VIC when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Newport the average time real estate has been on the market is 55.13 days.
Using the current median advertised rental of $495 and the average annual increase in value of a median property of 8.40%, investors should hope to achieve an overall return of 2.77%
Over the last year, property investments in Newport, 3015 have given investors a capital gain of -1.64%. This compares badly with the 3.11% for VIC as a whole.
If we look at median property appreciation over just the last three months, Newport has given property investors a paper return of -0.83%. This puts Suburb as 241 on a list of fastest fasting appreciating suburbs in VIC
Sellers are offering property buyers an average discount of -6.93% to buyers in Newport at the moment, which is less than average for the rest of VIC.
On average over the past year, suburb has had 5.92 sales per month, which equates to 71 per year.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.64%, without taking into account capital value appreciation, which has been averaging out at 5.07%.