Property value increases in Newborough have tracked lower than the VIC average of 7.68% over the last 12 months.
The five-year average increase in median property values for Newborough,3825 has given property investors a potential capital gain of 14.32% across each of those five years.
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 -6.51% is being offered, which puts this VIC suburb at 1529th most discounted overall in Australia.
A $260 per week rent on the median house gives suburb investors a gross yield of circa 6.39%, without taking into account capital value appreciation, which has been averaging out at 3.25%.
With a capital gain of -11.86% for the last 12 months, Newborough, 3825 has performed for property investments than its average annual 8.19% property growth over the last 5 years.
Newborough,3825 was ranked 1674 in Australia by increase in median property value over the quarter.
Newborough, 3825 is offering VIC ‘s 77th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
On average over the past year, suburb has had 0.92 sales per month, which equates to 11 per year.
Newborough is 24th on a list of best yielding suburbs for rents in VIC with a 5.67% return