If you compare the increase in value of investment property in Newtown, 3220 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 8.66%.
The five-year average increase in median property values for Newtown,3220 has given property investors a potential capital gain of 30.19% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Newtown is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 185th in terms of most discounted suburbs in VIC
With the median price for a house in Newtown being $690000 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 2.98%
Newtown, 3220 ranked 20th 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
The five-year average increase in median property values for Newtown,3220 has given property investors a potential capital gain of 18.31% across each of those five years.
Property investors looking for a bargain in Newtown should be aiming for at least -6.65% off the asking price, which is the average vendor discount being achieved at the moment.
Newtown, 3220’s gross rental yield is 3.65%