Newtown, 3220 ranked 274th 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
Across a shorter period, Newtown, 3220 has seen a median price increase of -0.09% over the last quarter.
Vendor discounting in Newtown is giving property investors an average Vendor Discount of around -7.28%. This puts suburb at number 229th in VIC when ranking the most discounted suburbs.
Residents and property investors in Newtown have been waiting around 53.5833 days to sell a property.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 6.42%, investors should hope to achieve an overall return of 2.83%
VIC has seen average median house prices change by 0.68% which means that Newtown, 3220 has done well for property investors by showing a capital gain of 43.74% over the last year
The five-year average increase in median property values for Newtown,3220 has given property investors a potential capital gain of 87.10% across each of those five years.
Our latest figures would indicate that property sellers in Newtown are currently offering property investors an average price cut of -6.62% below the asking price at the moment.
With the median price for a house in Newtown being $580000 and the advertised rent reaching $345 the gross rental yield for property investors calculates out to be 3.09%