New Port

POSTAL CODE: SA, 5015

HOUSE

UNIT

NEW PORT, 5015 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in SA have risen as a whole, pulling NEW PORT, 5015 values up and netting property investors a capital gain of 19.68% for the past year.

Investors saw the median home price rise to $830,000.

Profits due to an upward trend in home prices in the suburb averaged 15.31% per annum over a 3-year period.

NEW PORT now ranks at the 441st 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 NEW PORT 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 $685 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 NEW PORT, homes and units usually stay on listing for an average of 95.9 days.

In 2016, 14 properties were sold in NEW PORT during the past year, making it the 410th most active market in SA based on total real estate transactions.

NEW PORT ranks 61st in SA when it comes to estimated capital gains experienced by property investors over the past three years.

NEW PORT, 5015 has a capital gain of 15.25% for the past year, which is lower than average compared to its 92.53% growth within a five-year period.

With the median home price in NEW PORT sitting at $502,500, and the average rent at $525, property owners could potentially earn a 5.43% increase in gross rental yield.

Property investors have seen a 6.91% gain in NEW PORT based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on NEW PORT, 5015 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 15.25%.

A survey of average capital gains or median home price increase in suburbs across the country shows that NEW PORT, 5015 obtained a 5.67% growth over a ten-year period. It ranks 789th on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$830,000	$502,500
Growth Report
Median Quarterly	-6.74%	6.91%
Median 12 month	19.68%	15.25%
Median 3 years	45.92%	57.03%
Median 5 years	0%	92.53%
10 years average annual	8.07%	5.67%
Weekly media advert. rent	$685	$525
Time on Market	95.9 days	56.1 days
Gross Rental Yield Percent	4.29%	5.43%

Demographics (Median Values)*

Total Population n.a.

Weekly Household Income n.a.

Household Size n.a.

Average Age n.a.

Monthly Loan Repayment n.a.

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

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