New Port has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -11.93% to date .
If we look at median property appreciation over just the last three months, New Port has given property investors a paper return of -2.86%. This puts Suburb as 136 on a list of fastest fasting appreciating suburbs in SA
Our latest figures would indicate that property sellers in New Port are currently offering property investors an average price cut of -8.56% below the asking price at the moment.
On average over the past year, suburb has had 2.25 sales per month, which equates to 27 per year.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.35%, without taking into account capital value appreciation, which has been averaging out at -1.93%.