How Much Of The Housing Market Can You Afford?
Aussies can no longer rely on their incomes and savings alone to fund a property purchase, as prices soar and incomes st...
The suburb’s capital gain of 4.85% for the past year is lower than average compared to its 52.72% growth within a five-year period.
Also in NEW TOWN, the median home price is sitting at $702,500, and the average rent at $525, this suggests property owners could potentially earn a 3.89% increase in gross rental yield.
Property investors have seen a 3.31% gain in NEW TOWN based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.23% growth over a ten-year period. It ranks 1506th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.85%||-2.27%|
|Median 3 years||19.47%||42.38%|
|Median 5 years||52.72%||42.15%|
|10 years average annual||5.23%||5.81%|
|Weekly media advert. rent||$525||$375|
|Time on Market||36.5 days||29.4 days|
|Gross Rental Yield Percent||3.89%||4.53%|