Property investors who have had real estate in Newport, 3015 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.09%
Across a shorter period, Newport, 3015 has seen a median price increase of 1.02% over the last quarter.
Property investors looking for a bargain in Newport should be aiming for at least -5.79% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $560 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Newport, 3015 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 14.74%.
While Newport,3015 ranked number 241th in VIC for increase in median house value (annualised) increase, it is ranked 191th over the last 5 years.
At number 37th of VIC’s most discounted properties, Newport is in the bottom 20% of the state/territory when listing in order of most discounted to least.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.61%, without taking into account capital value appreciation, which has been averaging out at 3.74%.