If you compare the increase in value of investment property in Newtown, 3220 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 0.78%.
Comparing Newtown,3220 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Newtown is $650000, with sellers offering an average of -6.48% off the asking price.
Giving property investors a a solid capital gain of 13.84% for the last year, Newtown, 3220 is the 283th highest performer in Australia in this respect.
A 20.85% growth in median value for property investors in Newtown,3220 puts this suburb at number 31th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Newtown are currently offering property investors an average price cut of -6.24% below the asking price at the moment.
Using the current median advertised rental of $290 and the average annual increase in value of a median property of 7.61%, investors should hope to achieve an overall return of 3.84%