NEW TOWN ranks 84th in TAS when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 15.24% for the past year is higher than average compared to its 46.39% growth within a five-year period.
Also in NEW TOWN, the median home price is sitting at $597,500, and the average rent at $500, this suggests property owners could potentially earn a 4.35% increase in gross rental yield.
Property investors have seen a 1.62% gain in NEW TOWN based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on NEW TOWN, 7008 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 15.24%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.67% growth over a ten-year period. It ranks 1360th on our list of suburbs that property investors should look into.
A 6.25% increase in median property prices in NEW TOWN, 7008 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 39th.
A steady increase in median property prices over a five-year period in NEW TOWN, 7008 translates to a 16.55% capital gain.
NEW TOWN, 7008 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 $297,500.
Augmented property values in NEW TOWN are trailing behind the TAS average of 7.14% for the past year.
Real estate investors could earn a rental income of $320 based on current median home prices for the suburb.
Home owners selling their properties and realtors in NEW TOWN usually have to wait an average of 25.9 days days before their assets are lifted off the market.
NEW TOWN ranks 25th on the list of best yielding suburbs for rental properties in TAS, posting a 5.59% return.
NEW TOWN, 7008 places 49th in Australia based on median property value growth during the quarter.