Property investors who have had real estate in Newport, 3015 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.61%
Comparing Newport,3015 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Newport is giving property investors an average Vendor Discount of around -3.48%. This puts suburb at number 504th in VIC when ranking the most discounted suburbs.
The VIC suburb of Newport, 3015 is in the Hobsons Bay local government area.
At number 545th in the list of Australian suburbs ordered by increase in median house value over the last year, Newport, 3015 is in the top 40% with a property value increase of 8.35% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Newport,3015 has racked up an average of 8.35% over the period. This ranks it number 545th 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 -7.17%. This puts suburb at number 31th in VIC when ranking the most discounted suburbs.
At number 638 in a list of fastest selling suburbs, Newport is just in the top half of suburbs in Australia with an average of days on market 69.52 for properties listed there.
Renters in Suburb are facing rents around $4980 per annum or $415 every week.