VIC has seen average median house prices change by 8.12% which means that Newport, 3015 has done well for property investors by showing a capital gain of 14.67% over the last year
A 40.74% growth in median value for property investors in Newport,3015 puts this suburb at number 246th in terms of best performing suburbs 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 -9.49% is being offered, which puts this VIC suburb at 433th most discounted overall in Australia.
Newport, 3015’s gross rental yield is 2.74%
At number 1248th in the list of Australian suburbs ordered by increase in median house value over the last year, Newport, 3015 is in the BOTTOM 30% with a property value increase of -1.84% recorded in median house prices.
While Newport,3015 ranked number 237th in VIC for increase in median house value (annualised) increase, it is ranked 150th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.08% offered to property buyers. Sellers in Newport itself are offering an average vendor discount of -6.93% to real estate investors.