With a capital gain of 14.48% for the last 12 months, Newport, 3015 has performed for property investments than its average annual 8.54% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Newport,3015 has racked up an average of 14.48% over the period. This ranks it number 1043th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Newport is giving property investors an average Vendor Discount of around -5.80%. This puts suburb at number 284th in VIC when ranking the most discounted suburbs.
Using the current median advertised rental of $490 and the average annual increase in value of a median property of 8.54%, investors should hope to achieve an overall return of 2.76%
Over the last year, property investments in Newport, 3015 have given investors a capital gain of 0.34%. This compares badly with the 3.19% for VIC as a whole.
A 21.41% growth in median value for property investors in Newport,3015 puts this suburb at number 222th in terms of best performing suburbs in VIC
The most recent median price for Newport is $607049, with sellers offering an average of -6.26% off the asking price.