Newtown, 3220 ranked 114th 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
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.
At number 167th of VIC’s most discounted properties, Newtown is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Newtown the average time real estate has been on the market is 75.6705 days.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 2.63%, without taking into account capital value appreciation, which has been averaging out at 6.58%.
At number 229th in the list of Australian suburbs ordered by increase in median house value over the last year, Newtown, 3220 is in the top 20% with a property value increase of 12.17% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Newtown,3220 has racked up an average of 12.17% over the period. This ranks it number 160th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Newtown 3220 should be seeing an average reduction in asking price of around -7.66% . This means that Newtown is holding prices well when compared to other suburbs in VIC.
On average over the past year, suburb has had 4.33 sales per month, which equates to 52 per year.
With the median price for a house in Newtown being $523000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.58%