Property value increases in Newborough have tracked lower than the VIC average of 10.83% over the last 12 months.
Comparing Newborough,3825 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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 Newborough, 3825. Typically our figures indicate that -6.58% is being offered, which puts this VIC suburb at 1279th most discounted overall in Australia.
At number 3105 in a list of fastest selling suburbs, Newborough is in the bottom 20% of suburbs in Australia with an average of days on market 113.39 for properties listed there.
A $260 per week rent on the median house gives suburb investors a gross yield of circa 5.98%, without taking into account capital value appreciation, which has been averaging out at 3.44%.
If you compare the increase in value of investment property in Newborough, 3825 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -15.97%.
The VIC suburb of Newborough, 3825 is in the Latrobe local government area.