The suburb’s capital gain of -8.73% for the past year is lower than average compared to its 33.09% growth within a five-year period.
Also in NEW FARM, the median home price is sitting at $1,474,000, and the average rent at $750, this suggests property owners could potentially earn a 2.65% increase in gross rental yield.
Property investors have seen a -7.88% drop in NEW FARM based on a decrease 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 5.33% growth over a ten-year period. It ranks 1440th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-8.73%||1.32%|
|Median 3 years||17.92%||-2.04%|
|Median 5 years||33.09%||20.31%|
|10 years average annual||5.33%||3.61%|
|Weekly media advert. rent||$750||$422.5|
|Time on Market||78.1 days||84.4 days|
|Gross Rental Yield Percent||2.65%||3.8%|