Investment property in Newtown 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 4.08%
Across a shorter period, Newtown, 3220 has seen a median price increase of 0.23% over the last quarter.
Newtown3220 is located in VIC which offers an average discount of -6.04% to property investors. Newtown itself is showing figures that indicate -6.60% is the average achievable by property buyers investing in the suburb.
In the last year 216 properties changed hands in Newtown, which puts it as the 98th most active market in VIC when comparing the number of sales per suburb.
Newtown, 3220 ranked 18th in VIC when comparing growth in median property values or capital gain over the last 12 months. Newtown is one of 2098 in our list for VIC
Taking the average capital gain, or increase in median house value, Newtown,3220 has racked up an average of 20.00% over the period. This ranks it number 846th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Newtown should be aiming for at least -6.20% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $295 mark per week – giving a return of 3.65% based on the median price in Suburb