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AREA REPORTS

Newmarket

Newmarket - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4051

house
unit

NEWMARKET, 4051 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 $865,000.

Profits due to an upward trend in home prices in the suburb averaged 2.71% per annum over a 3-year period.

NEWMARKET now ranks at the 831st 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 NEWMARKET are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $550 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In NEWMARKET, homes and units usually stay on listing for an average of 25.5 days.

In 2016, 57 properties were sold in NEWMARKET during the past year, making it the 211th most active market in QLD based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $865,000 $465,000
GROWTH REPORT
Median Quarterly -3.89% 10.58%
Median 12 month -3.89% 15.82%
Median 3 years 8.13% 16.98%
Median 5 years 12.85% 8.14%
10 years average annual 2.18% 1.15%
Weekly media advert. rent $550 $380
Time on Market 25.5 days 29.4 days
Gross Rental Yield Percent 3.31% 4.25%
demographics (median values)
Total Population
4214
Weekly Household Income
1149
Household Size
2.30
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