Investment property in Newnham has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.13%
Comparing Newnham,7248 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Newnham are currently offering property investors an average price cut of -6.20% below the asking price at the moment.
In the last year 114 properties changed hands in Newnham, which puts it as the 13th most active market in TAS when comparing the number of sales per suburb.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 6.22%, without taking into account capital value appreciation, which has been averaging out at 1.17%.
If you compare the increase in value of investment property in Newnham, 7248 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was -16.86%.
The five-year average increase in median property values for Newnham,7248 has given property investors a potential capital gain of 2.94% across each of those five years.
The most recent median price for Newnham is $175000, with sellers offering an average of -4.37% off the asking price.