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Newmarket
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.

Average median house prices in QLD have risen as a whole, pulling NEWMARKET, 4051 values up and netting property investors a capital gain of 34.08% for the past year.

Investors saw the median home price rise to $1,200,000.

Profits due to an upward trend in home prices in the suburb averaged 12.64% per annum over a 3-year period.

NEWMARKET now ranks at the 202nd 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 high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $580 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 33.1 days.

In 2016, 73 properties were sold in NEWMARKET during the past year, making it the 110th most active market in QLD based on total real estate transactions.

Data report can be found below

Newmarket
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,200,000 $445,500
GROWTH REPORT
Median Quarterly 9.09% -1%
Median 12 month 34.08% -3.68%
Median 3 years 37.93% -4.5%
Median 5 years 42.81% -6.99%
10 years average annual 6.79% 2.17%
Weekly media advert. rent $580 $400
Time on Market 33.1 days 33.4 days
Gross Rental Yield Percent 2.51% 4.67%
demographics (median values)*
Total Population
4214
Weekly Household Income
1149
Household Size
2.30
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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