Property investors who have had real estate in Newport, 3015 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.27%
If we look at median property appreciation over just the last three months, Newport has given property investors a paper return of 5.36%. This puts Suburb as 48 on a list of fastest fasting appreciating suburbs in VIC
At number 282th of VIC’s most discounted properties, Newport is in the middle of the state/territory when listing in order of most discounted to least.
Newport, 3015’s gross rental yield is 2.77%
Investment property in Newport has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.98%
When looking at the potential capital gains offered to property investors over the last 3 years, Newport comes in at number 161th in VIC.
Property investors looking for a bargain in Newport should be aiming for at least -4.04% off the asking price, which is the average vendor discount being achieved at the moment.