With a capital gain of 4.35% for the last 12 months, Newtown, 3220 has performed for property investments than its average annual 3.47% property growth over the last 5 years.
Over the longer term, Newtown has seen property prices show investors a 8.52% return over the last 3 years. This is worse than over the last 12 months
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 -7.31% is being offered, which puts this VIC suburb at 919th most discounted overall in Australia.
Advertised rents are around the $400 mark per week – giving a return of 2.89% based on the median price in Suburb
Investment property in Newtown has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.91%
When looking at the potential capital gains offered to property investors over the last 3 years, Newtown comes in at number 68th in VIC.
Property buyers and investors in Newtown 3220 should be seeing an average reduction in asking price of around -7.08% . This means that Newtown is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Newtown the average time real estate has been on the market is 69.66 days.
Property investors should expect to get $310 weekly from the median priced house in this suburb.