With a capital gain of 5.88% for the last 12 months, Newtown, 3220 has performed for property investments than its average annual 6.58% property growth over the last 5 years.
Comparing Newtown,3220 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Newtown 3220 should be seeing an average reduction in asking price of around -7.02% . This means that Newtown is holding prices well when compared to other suburbs in VIC.
In the last year 215 properties changed hands in Newtown, which puts it as the 105th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $4800 per annum or $400 every week.
VIC has seen average median house prices change by 3.49% which means that Newtown, 3220 has done well for property investors by showing a capital gain of 19.15% over the last year
Over the longer term, Newtown has seen property prices show investors a 35.92% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Newtown is offering property investors an average of -5.13. This rate of discount on properties puts Suburb at number 40th in terms of most discounted suburbs in VIC
The VIC suburb of Newtown, 3220 is in the Greater Geelong local government area.