Newport has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 16.47% to date .
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.
Vendor discounting in Newport is giving property investors an average Vendor Discount of around -1.46%. This puts suburb at number 605th in VIC when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $5820 per annum or $485 every week.
Newport, 3015 ranked 198th in VIC when comparing growth in median property values or capital gain over the last 12 months. Newport is one of 2098 in our list for VIC
Across a shorter period, Newport, 3015 has seen a median price increase of -0.82% over the last quarter.
Sellers are offering property buyers an average discount of -5.72% to buyers in Newport at the moment, which is less than average for the rest of VIC.
The VIC suburb of Newport, 3015 is in the Hobsons Bay local government area.