Industry Sets Expectations For Albanese Government
Now that the 2022 federal election has been decided, the industry is watching keenly to see how Labor’s housing promis...
NEWPORT, 4020 ranks 141st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 50.18% for property investors.
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 $1,025,000.
The upward trend in home prices in NEWPORT, 4020 averaged 12.68% per annum over a 3-year period.
Average weekly rents on listings have reached the $550 mark, reflecting a 2.79% increase in returns based on the current median price in NEWPORT.
An average of 17.25 real estate transactions take place per month in NEWPORT which translates to 207 per annum.
207 properties were sold in NEWPORT in 2016, making it the 637th most active market in QLD based on total real estate transactions.
NEWPORT, 4020 places 388th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||50.18%||N/A|
|Median 3 years||38.05%||N/A|
|Median 5 years||12.02%||N/A|
|10 years average annual||4.4%||N/A|
|Weekly media advert. rent||$550||N/A|
|Time on Market||38.8 days||N/A|
|Gross Rental Yield Percent||2.79%||N/A|