4 Key Takeaways From The Treasurer
Property appears to be front and centre of the federal government’s economic agenda, so what can investors expect fro...
Property investors have seen a 4.14% gain in NEWTOWN based on an increase 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 $999,750
Profits averaged 8.32% 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 $470 based on current median home prices for the suburb.
The gross rental yield in NEWTOWN, 3220 is 2.44%.
An average of 16.25 real estate transactions take place per month in NEWTOWN which translates to 195 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.86%||30.16%|
|Median 3 years||24.97%||47.62%|
|Median 5 years||48.44%||51.5%|
|10 years average annual||5.83%||7.69%|
|Weekly media advert. rent||$470||$360|
|Time on Market||75.0 days||60.5 days|
|Gross Rental Yield Percent||2.44%||3.09%|