Newborough has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 1.52% to date .
While Newborough,3825 ranked number 637th in VIC for increase in median house value (annualised) increase, it is ranked 605th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.00% offered to property buyers. Sellers in Newborough itself are offering an average vendor discount of -5.55% to real estate investors.
Renters in Suburb are facing rents around $3180 per annum or $265 every week.
Newborough, 3825 ranked 251th in VIC when comparing growth in median property values or capital gain over the last 12 months. Newborough is one of 2098 in our list for VIC
The five-year average increase in median property values for Newborough,3825 has given property investors a potential capital gain of -13.24% across each of those five years.
In the last year 10 properties changed hands in Newborough, which puts it as the 375th most active market in VIC when comparing the number of sales per suburb.
Situated 123.24km from the CBD, Newborough is one of Latrobe localities in the postcode 3825.