Unit rentals break 15-year record
Unit rental yields have had their biggest drop in more than 15 years, with COVID-19 seeing landlords reduce rates, according to latest resea...
Property investors have seen a 8.87% gain in NEWTOWN based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on NEWTOWN, 3220 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 11.01%.
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 $890,000
Profits averaged 7.87% 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 $450 based on current median home prices for the suburb.
The gross rental yield in NEWTOWN, 3220 is 2.63%.
An average of 13.33 real estate transactions take place per month in NEWTOWN which translates to 160 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $890,000 | $523,000 |
| GROWTH REPORT | ||
| Median Quarterly | 8.87% | -12.1% |
| Median 12 month | 11.01% | 12.17% |
| Median 3 years | 23.61% | 26.79% |
| Median 5 years | 32.84% | 47.95% |
| 10 years average annual | 6.58% | 6.39% |
| Weekly media advert. rent | $450 | $360 |
| Time on Market | 75.6 days | 51.0 days |
| Gross Rental Yield Percent | 2.63% | 3.58% |
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