With a capital gain of 5.76% for the last 12 months, Newtown, 3351 has performed for property investments than its average annual 16.15% property growth over the last 5 years.
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.
In the last year 110 properties changed hands in Newtown, which puts it as the 163th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Newtown being $436250 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.53%
Property value increases in Newtown have tracked close to the VIC average of 0.16% over the last 12 months.
Property investors should expect to get $245 weekly from the median priced house in this suburb.