Investment property in Newtown has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.18%
Newtown,3220 has offered an average of 10.18% return per annum in house price rises to property investors over the last three years.
The most recent median price for Newtown is $720000, with sellers offering an average of -6.63% off the asking price.
Property investors should expect to get $400 weekly from the median priced house in this suburb.
Newtown has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 12.60% to date .
Taking the average capital gain, or increase in median house value, Newtown,3220 has racked up an average of 12.60% over the period. This ranks it number 263th in the whole country for real estate investors looking at median house price increases.
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 -7.58% is being offered, which puts this VIC suburb at 218th most discounted overall in Australia.
Often selling an investment property can take time, and in Newtown the average time real estate has been on the market is 84.3 days.