Property investors enjoyed capital gains of 0.2% over the last 12 months in NEWTON, translating to lower returns compared with its peers in SA.
Figures from the previous quarter show that capital gains for real estate buyers in NEWTON are low, as opposed to average gains per annum over the past five years.
The suburb posted a 7.68% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $357.5 based on current median home prices for the suburb.
On average, rents on listings have reached the $357.5 mark, reflecting a 3.79% increase in returns based on the current median price in NEWTON.
NEWTON, 5074 ranks 309th in SA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 261st on the list of best yielding suburbs for rental properties in SA, posting a 3.79% return.
Property investors have seen a -0.86% drop in NEWTON based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains NEWTON, 5074 saw average growth in the long term.
NEWTON, 5074 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 $350,000.
Profits due to an upward trend in home prices in NEWTON, 5074 averaged 1.03% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $310 based on current median home prices for the suburb.
The gross rental yield in NEWTON, 5074 is 4.61%.
An average of 1.83 real estate transactions take place per month in NEWTON which translates to 22 per annum.
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