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 11.53%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Newtown has increased when compared to the 5 year average annual rate.
Vendor discounting in Newtown is giving property investors an average Vendor Discount of around -6.73%. This puts suburb at number 142th in VIC when ranking the most discounted suburbs.
Newtown, 3220’s gross rental yield is 2.81%
At number 549th in the list of Australian suburbs ordered by increase in median house value over the last year, Newtown, 3220 is in the top 40% with a property value increase of 8.25% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Newtown,3220 has racked up an average of 8.25% over the period. This ranks it number 279th 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 -7.19% is being offered, which puts this VIC suburb at 256th most discounted overall in Australia.
Advertised rents are around the $297.5 mark per week – giving a return of 3.68% based on the median price in Suburb