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New TownNew Town - SUBURB PROFILE REPORT
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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 Price | $702,500 | $430,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.31% | 1.18% |
| 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% |
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