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1 MIN READDemand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
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NewtownNewtown - SUBURB PROFILE REPORT
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Property investors have seen a -0.11% drop in NEWTOWN based on a decrease in median home prices for the past three months.
Homeowners and real estate investors betting on NEWTOWN, 4305 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 21.49%.
Based on its average 5-year and quarterly capital gains NEWTOWN, 4305 saw average growth in the long term.
The QLD suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $449,500
Profits averaged 8.06% per annum over a 3-year period, due to an upward trend in home prices in NEWTOWN, 4305.
This means, real estate investors could earn a rental income of $370 based on current median home prices for the suburb.
The gross rental yield in NEWTOWN, 4305 is 4.28%.
An average of 4.67 real estate transactions take place per month in NEWTOWN which translates to 56 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $449,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.11% | N/A |
| Median 12 month | 21.49% | N/A |
| Median 3 years | 24.17% | N/A |
| Median 5 years | 35.19% | N/A |
| 10 years average annual | 5.11% | N/A |
| Weekly media advert. rent | $370 | N/A |
| Time on Market | 32.2 days | N/A |
| Gross Rental Yield Percent | 4.28% | N/A |
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