At number 1353th in the list of Australian suburbs ordered by increase in median house value over the last year, Newmarket, 4051 is in the top 40% with a property value increase of 3.45% recorded in median house prices.
The five-year average increase in median property values for Newmarket,4051 has given property investors a potential capital gain of 16.85% across each of those five years.
Residents and property investors in Newmarket have been waiting around 56.6154 days to sell a property.
Advertised rents are around the $560 mark per week – giving a return of 3.24% based on the median price in Suburb
Investment property in Newmarket has done 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 -12.43%
Across a shorter period, Newmarket, 4051 has seen a median price increase of -2.16% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Newmarket is offering property investors an average of -6.19. This rate of discount on properties puts Suburb at number 106th in terms of most discounted suburbs in QLD
Often selling an investment property can take time, and in Newmarket the average time real estate has been on the market is 59.0385 days.
Newmarket, 4051’s gross rental yield is 5.16%
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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.