Newmarket

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.

Average median house prices in QLD have risen as a whole, pulling NEWMARKET, 4051 values up and netting property investors a capital gain of 8.71% for the past year.

Investors saw the median home price rise to $1,603,500.

Profits due to an upward trend in home prices in the suburb averaged 9.68% per annum over a 3-year period.

NEWMARKET now ranks at the 648th 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 $800 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 32.1 days.

In 2016, 64 properties were sold in NEWMARKET during the past year, making it the 171st most active market in QLD based on total real estate transactions.

NEWMARKET ranks 119th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.

NEWMARKET, 4051 has a capital gain of 18.77% for the past year, which is higher than average compared to its 88.31% growth within a five-year period.

With the median home price in NEWMARKET sitting at $870,000, and the average rent at $580, property owners could potentially earn a 3.47% increase in gross rental yield.

Property investors have seen a 6.1% gain in NEWMARKET based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on NEWMARKET, 4051 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 18.77%.

A survey of average capital gains or median home price increase in suburbs across the country shows that NEWMARKET, 4051 obtained a 7.66% growth over a ten-year period. It ranks 399th on our list of suburbs that property investors should look into.

Surburb overview

Newmarket is a vibrant inner-northern suburb of Brisbane, approximately 5 kilometres from the CBD. The suburb has a population of around 4,979 people, with the predominant age group being 20-29. It is known for its mix of character homes, modern apartments, and townhouses, making it an attractive area for professionals, young families, and singles.

The property market in Newmarket is strong. The median house price is currently $1,490,000, reflecting an annual capital growth of 2.76%. The rental market is also robust, with median weekly rents at $680 for houses and $525 for units. Rental yields are around 2.84% for houses and 4.63% for units, making it an appealing option for investors.

Newmarket is well-connected by public transport, including regular train and bus services, making commuting to the city and surrounding areas convenient. The suburb also boasts a range of amenities, including the famous Newmarket Village, which features shops, cafes, and a cinema. Residents can access numerous green spaces and recreational facilities such as parks and walking paths, enhancing their liveability.

The suburb’s planning zones include Character Residential, Low-Medium Density Residential, and Low-Density Residential, providing various housing options for different lifestyle needs.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,603,500	$870,000
Growth Report
Median Quarterly	1.65%	6.1%
Median 12 month	8.71%	18.77%
Median 3 years	29.05%	66.51%
Median 5 years	56.44%	88.31%
10 years average annual	7.6%	7.66%
Weekly media advert. rent	$800	$580
Time on Market	32.1 days	24.9 days
Gross Rental Yield Percent	2.59%	3.47%

Demographics (Median Values)*

Total Population 4214

Weekly Household Income 1149

Household Size 2.30

Average Age 33

Monthly Loan Repayment 1582

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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