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Newport
AREA REPORTS

Newport

Newport - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2106

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 63.71% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $3,000,000

The augmented property values in the suburb are trailing above the territorial average of 18.67% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $1150.

Home owners selling their properties and realtors in NEWPORT usually have to wait an average of 55.4 days days before their assets are lifted off the market.

The NSW suburb ranks 961st on the list of best yielding suburbs for rental properties in NSW, posting a 1.99% return.

It also places places 129th in Australia based on median property value growth during the quarter.

Data report can be found below

Newport
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $3,000,000 $1,210,000
GROWTH REPORT
Median Quarterly 16.5% 14.15%
Median 12 month 36.05% 20.82%
Median 3 years 63.71% 48.01%
Median 5 years 87.5% 61.33%
10 years average annual 12.12% 8.79%
Weekly media advert. rent $1150 $577.5
Time on Market 55.4 days 35.5 days
Gross Rental Yield Percent 1.99% 2.48%
demographics (median values)*
Total Population
9301
Weekly Household Income
2066
Household Size
2.70
Age
43
Monthly Loan Repayment
2700
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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