Newmarket has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 21.72% to date .
Comparing Newmarket,4051 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
On average over the past year, suburb has had 3.17 sales per month, which equates to 38 per year.
Using the current median advertised rental of $562.5 and the average annual increase in value of a median property of 5.26%, investors should hope to achieve an overall return of 2.95%
With a capital gain of 2.01% for the last 12 months, Newmarket, 4051 has performed for property investments than its average annual 1.33% property growth over the last 5 years.
Newmarket,4051 was ranked 225 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Newmarket should be aiming for at least -7.27% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Newmarket being $443750 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 4.34%
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Located just 4km north of the Brisbane CBD, Newmarket is an older established suburb with its own rail station. The suburb has continued to attract younger residents who are looking for convenience and lifestyle.
The suburb’s close proximity to the a number of parks and amenities as well as the QUT’s campus in Kelvin Grove ensures rental demand is also strong in the area.