Property value increases in Newtown have tracked close to the VIC average of 8.96% over the last 12 months.
If we look at median property appreciation over just the last three months, Newtown has given property investors a paper return of 0.71%. This puts Suburb as 491 on a list of fastest fasting appreciating 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 Newtown, 3220. Typically our figures indicate that -6.63% is being offered, which puts this VIC suburb at 1419th most discounted overall in Australia.
Residents and property investors in Newtown have been waiting around 87.43 days to sell a property.
With the median price for a house in Newtown being $705000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 2.95%
Property value increases in Newtown have tracked higher than the VIC average of 4.26% over the last 12 months.
Newtown,3220 has offered an average of 13.51% return per annum in house price rises to property investors over the last three years.
Newtown3220 is located in VIC which offers an average discount of -5.07% to property investors. Newtown itself is showing figures that indicate -7.74% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Newtown have been waiting around 87.6 days to sell a property.
Newtown, 3220’s gross rental yield is 3.71%