Investment property in Newstead has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.88%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Newstead has increased when compared to the 5 year average annual rate.
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 Newstead, 4006. Typically our figures indicate that -5.34% is being offered, which puts this QLD suburb at 640th most discounted overall in Australia.
In the last year 129 properties changed hands in Newstead, which puts it as the 41th most active market in QLD when comparing the number of sales per suburb.
Using the current median advertised rental of $500 and the average annual increase in value of a median property of 3.61%, investors should hope to achieve an overall return of 4.20%