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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 $775,000.
The downward trend in home prices in NEWPORT, 4020 averaged -2.11% per annum over a 3-year period.
Average weekly rents on listings have reached the $520 mark, reflecting a 3.49% increase in returns based on the current median price in NEWPORT.
An average of 12.33 real estate transactions take place per month in NEWPORT which translates to 148 per annum.
148 properties were sold in NEWPORT in 2016, making it the 672nd most active market in QLD based on total real estate transactions.
NEWPORT, 4020 places 199th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-4.91%||N/A|
|Median 3 years||-6.34%||N/A|
|Median 5 years||-10.61%||N/A|
|10 years average annual||-0.38%||N/A|
|Weekly media advert. rent||$520||N/A|
|Time on Market||93.0 days||N/A|
|Gross Rental Yield Percent||3.49%||N/A|