Newborough, 3825 ranked 42th in VIC when comparing growth in median property values or capital gain over the last 12 months. Newborough 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 Newborough has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Newborough is offering property investors an average of -6.90. This rate of discount on properties puts Suburb at number 575th in terms of most discounted suburbs in VIC
The VIC suburb of Newborough, 3825 is in the Latrobe (C) (Vic.) local government area.
Investment property in Newborough has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 49.47%
Taking the average capital gain, or increase in median house value, Newborough,3825 has racked up an average of 49.47% over the period. This ranks it number 95th in the whole country for real estate investors looking at median house price increases.
Residents and property investors in Newborough have been waiting around 62.5 days to sell a property.
Renters in Suburb are facing rents around $7670 per annum or $147.5 every week.