20 Perth Suburbs That Have Already Surpassed Expert Predictions
The REIWA’s earlier forecasts for Perth’s property market are on track to be exceeded, with 20 suburbs recording bet...
Property investors enjoyed capital gains of 3.58% 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 8.96% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.
On average, rents on listings have reached the $400 mark, reflecting a 3.89% increase in returns based on the current median price in NEWTON.
NEWTON, 5074 ranks 216th in SA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 219th on the list of best yielding suburbs for rental properties in SA, posting a 3.89% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.58%||N/A|
|Median 3 years||8.96%||N/A|
|Median 5 years||9.69%||N/A|
|10 years average annual||2.14%||N/A|
|Weekly media advert. rent||$400||N/A|
|Time on Market||85.5 days||N/A|
|Gross Rental Yield Percent||3.89%||N/A|