Newtown is in the bottom 10% in VIC when comparing median price capital growth over the last year. Newtown gave property investors a dismal capital gain figure when compared to the rest of the state, with -0.69%.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 2.89%, without taking into account capital value appreciation, which has been averaging out at 3.34%.
Over the last year, property investments in Newtown, 3220 have given investors a capital gain of -3.57%. This compares very badly with the 6.72% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Newtown has increased when compared to the 5 year average annual rate.