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Property investors have seen a -0.62% drop in NEWTOWN based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains NEWTOWN, 3220 saw average growth in the long term.
The VIC suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $800,000
Profits averaged 8.17% per annum over a 3-year period, due to an upward trend in home prices in NEWTOWN, 3220.
This means, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
The gross rental yield in NEWTOWN, 3220 is 2.73%.
An average of 15.75 real estate transactions take place per month in NEWTOWN which translates to 189 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $800,000 | $396,250 |
| GROWTH REPORT | ||
| Median Quarterly | -0.62% | -5.88% |
| Median 12 month | 3.23% | -4.52% |
| Median 3 years | 24.51% | 10.07% |
| Median 5 years | 40.35% | 17.06% |
| 10 years average annual | 7.18% | 6.31% |
| Weekly media advert. rent | $420 | $330 |
| Time on Market | 42.0 days | 61.0 days |
| Gross Rental Yield Percent | 2.73% | 4.33% |
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