NEW FARM ranks 230th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 6.25% for the past year is lower than average compared to its 61.75% growth within a five-year period.
Also in NEW FARM, the median home price is sitting at $1,700,000, and the average rent at $752.5, this suggests property owners could potentially earn a 2.3% increase in gross rental yield.
Property investors have seen a 1.16% gain in NEW FARM based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.86% growth over a ten-year period. It ranks 1308th on our list of suburbs that property investors should look into.
A steady increase in median property prices over a five-year period in NEW FARM, 4005 translates to a -0.84% capital gain.
NEW FARM, 4005 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 $590,000.
Augmented property values in NEW FARM are trailing above the QLD average of 0.61% for the past year.
Real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
Home owners selling their properties and realtors in NEW FARM usually have to wait an average of 76.5 days days before their assets are lifted off the market.
NEW FARM ranks 353rd on the list of best yielding suburbs for rental properties in QLD, posting a 3.7% return.
NEW FARM, 4005 places 117th in Australia based on median property value growth during the quarter.