At number 1490th in the list of Australian suburbs ordered by increase in median house value over the last year, Newport, 3015 is in the top 40% with a property value increase of 9.35% recorded in median house prices.
A 47.54% growth in median value for property investors in Newport,3015 puts this suburb at number 365th in terms of best performing suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.71% offered to property buyers. Sellers in Newport itself are offering an average vendor discount of -3.98% to real estate investors.
With the median price for a house in Newport being $959000 and the advertised rent reaching $505 the gross rental yield for property investors calculates out to be 2.74%
VIC has seen average median house prices change by 4.83% which means that Newport, 3015 has done well for property investors by showing a capital gain of 6.85% over the last year
Across a shorter period, Newport, 3015 has seen a median price increase of 8.94% over the last quarter.
Sellers are offering property buyers an average discount of -7.09% to buyers in Newport at the moment, which is less than average for the rest of VIC.
At number 521 in a list of fastest selling suburbs, Newport is in the TOP 40% of suburbs in Australia with an average of days on market 65 for properties listed there.
Situated 7.79km from the CBD, Newport is one of Hobsons Bay localities in the postcode 3015.