At number 2971th in the list of Australian suburbs ordered by increase in median house value over the last year, Newmarket, 4051 is in the BOTTOM 30% with a property value increase of 8.33% recorded in median house prices.
If we look at median property appreciation over just the last three months, Newmarket has given property investors a paper return of 3.72%. This puts Suburb as 461 on a list of fastest fasting appreciating suburbs in QLD
Vendor discounting in Newmarket is giving property investors an average Vendor Discount of around -3.49%. This puts suburb at number 619th in QLD when ranking the most discounted suburbs.
Property investors should expect to get $580 weekly from the median priced house in this suburb.
Property value increases in Newmarket have tracked higher than the QLD average of 8.71% over the last 12 months.
Across a shorter period, Newmarket, 4051 has seen a median price increase of 3.82% over the last quarter.
In the last year 34 properties changed hands in Newmarket, which puts it as the 244th most active market in QLD when comparing the number of sales per suburb.
Property investors should expect to get $390 weekly from the median priced house in this suburb.
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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.