Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb 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 $1,640,000.
The upward trend in home prices in NEWPORT, 4020 averaged 12.22% per annum over a 3-year period.
Average weekly rents on listings have reached the $832.5 mark, reflecting a 2.64% increase in returns based on the current median price in NEWPORT.
An average of 15.83 real estate transactions take place per month in NEWPORT which translates to 190 per annum.
190 properties were sold in NEWPORT in 2016, making it the 633rd most active market in QLD based on total real estate transactions.
NEWPORT, 4020 places 83rd in Australia based on median property value growth during the quarter.
The suburb 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 $1,410,000.
Average median unit prices in QLD have risen as a whole, pulling NEWPORT, 4020 values up and netting property investors a capital gain of 4.44% for the past year.
Investors saw the median home price rise to $1,410,000.
The upward trend in home prices in NEWPORT, 4020 averaged 0% per annum over a 3-year period.
NEWPORT now ranks at the th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in NEWPORT are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $825 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In NEWPORT, homes and units usually stay on listing for an average of 61 days.
27 properties were sold in NEWPORT in 2016, making it the 205th most active market in QLD based on total real estate transactions.