Investment property in New Town 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 -15.32%
The five-year average increase in median property values for New Town,5554 has given property investors a potential capital gain of -9.68% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that New Town is offering property investors an average of -6.20. This rate of discount on properties puts Suburb at number 76th in terms of most discounted suburbs in SA
A $272.5 per week rent on the median house gives suburb investors a gross yield of circa 6.75%, without taking into account capital value appreciation, which has been averaging out at 0.97%.