At number 1747th in the list of Australian suburbs ordered by increase in median house value over the last year, Newtown, 3220 is in the top half with a property value increase of 3.23% recorded in median house prices.
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.
Property investors looking for a bargain in Newtown should be aiming for at least -4.77% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 189 properties changed hands in Newtown, which puts it as the 120th most active market in VIC when comparing the number of sales per suburb.
Newtown is 475th on a list of best yielding suburbs for rents in VIC with a 2.73% return
Newtown has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -4.52% to date .
Newtown,3220 was ranked 1481 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -5.71% to buyers in Newtown at the moment, which is less than average for the rest of VIC.
Advertised rents are around the $330 mark per week – giving a return of 4.33% based on the median price in Suburb