Newport has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 15.77% to date .
A 31.02% growth in median value for property investors in Newport,3015 puts this suburb at number 297th in terms of best performing suburbs in VIC
Property buyers and investors in Newport 3015 should be seeing an average reduction in asking price of around -3.20% . This means that Newport is holding prices well when compared to other suburbs in VIC.
At number 508 in a list of fastest selling suburbs, Newport is in the TOP 20% of suburbs in Australia with an average of days on market 49.57 for properties listed there.
Renters in Suburb are facing rents around $5820 per annum or $485 every week.
Investment property in Newport has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.47%
When looking at the potential capital gains offered to property investors over the last 3 years, Newport comes in at number 61th in VIC.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Newport, 3015. Typically our figures indicate that -6.47% is being offered, which puts this VIC suburb at 370th most discounted overall in Australia.
Renters in Suburb are facing rents around $5040 per annum or $420 every week.