Investment property in Newport has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.11%
While Newport,2106 ranked number 1140th in NSW for increase in median house value (annualised) increase, it is ranked 513th over the last 5 years.
Newport2106 is located in NSW which offers an average discount of -7.38% to property investors. Newport itself is showing figures that indicate -5.50% is the average achievable by property buyers investing in the suburb.
Newport is in the TOP 20% in NSW when comparing median price capital growth over the last year. Newport gave property investors a very good capital gain figure when compared to the rest of the state, with 4.22%.
Newport,2106 was ranked 608 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Newport is offering property investors an average of -6.83. This rate of discount on properties puts Suburb at number 264th in terms of most discounted suburbs in NSW
At number 800 in a list of fastest selling suburbs, Newport is in the bottom 40% of suburbs in Australia with an average of days on market 86.0488 for properties listed there.
Advertised rents are around the $600 mark per week – giving a return of 3.61% based on the median price in Suburb