Newtown, 3220 ranked 475th in VIC when comparing growth in median property values or capital gain over the last 12 months. Newtown is one of 2099 in our list for VIC
When looking at the potential capital gains offered to property investors over the last 3 years, Newtown comes in at number 303th in VIC.
LACK OF BUYER INTEREST may well be the reason that Newtown is offering property investors an average of -4.25. This rate of discount on properties puts Suburb at number 25th in terms of most discounted suburbs in VIC
With the median price for a house in Newtown being $960000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 2.44%
Property value increases in Newtown have tracked higher than the VIC average of 6.20% over the last 12 months.
Taking the average capital gain, or increase in median house value, Newtown,3220 has racked up an average of 12.50% over the period. This ranks it number 91th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Newtown is $562500, with sellers offering an average of -4.02% off the asking price.
Property investors should expect to get $350 weekly from the median priced house in this suburb.