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AREA REPORTS

Newport

Suburb Profile

Newport - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3015

house
unit

Property investments in NEWPORT fare well against the rest of the country last year, registering a median home price increase of 7.91%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains NEWPORT, 3015 saw average growth in the long term.

Real estate investors could earn a rental income of $570 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 75.9 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,057,500.

NEWPORT ranks 489th on the list of best yielding suburbs for rental properties in VIC, posting a 2.8% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,057,500 $730,000
GROWTH REPORT
Median Quarterly 1.04% 2.46%
Median 12 month 7.91% 15.87%
Median 3 years 11.9% 21.67%
Median 5 years 42.42% 25.86%
10 years average annual 6.49% 4.07%
Weekly media advert. rent $570 $500
Time on Market 75.9 days 98.1 days
Gross Rental Yield Percent 2.8% 3.56%
demographics (median values)
Total Population
11241
Weekly Household Income
1162
Household Size
2.50
demographics
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