At number 936th in the list of Australian suburbs ordered by increase in median house value over the last year, Newport, 3015 is in the top 30% with a property value increase of 12.45% recorded in median house prices.
Newport,3015 was ranked 2166 in Australia by increase in median property value over the quarter.
Vendor discounting in Newport is giving property investors an average Vendor Discount of around -5.97%. This puts suburb at number 230th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 13.25 sales per month, which equates to 159 per year.
Situated 7.88km from the CBD, Newport is one of Hobsons Bay localities in the postcode 3015.
Investment property in Newport has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.66%
When looking at the potential capital gains offered to property investors over the last 3 years, Newport comes in at number 54th in VIC.
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.
Property investors should expect to get $420 weekly from the median priced house in this suburb.