Investment property in Newborough 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 9.52%
Across a shorter period, Newborough, 3825 has seen a median price increase of 2.22% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.26% offered to property buyers. Sellers in Newborough itself are offering an average vendor discount of -6.16% to real estate investors.
At number 2959 in a list of fastest selling suburbs, Newborough is in the bottom 30% of suburbs in Australia with an average of days on market 106.27 for properties listed there.
With the median price for a house in Newborough being $230000 and the advertised rent reaching $267.5 the gross rental yield for property investors calculates out to be 6.05%