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 $755,000
Profits averaged 4.68% 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 $400 based on current median home prices for the suburb.
The gross rental yield in NEWTOWN, 3220 is 2.75%.
An average of 17.58 real estate transactions take place per month in NEWTOWN which translates to 211 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.42%||-1.8%|
|Median 3 years||14.05%||24.24%|
|Median 5 years||17.97%||30.99%|
|10 years average annual||3.72%||5.02%|
|Weekly media advert. rent||$400||$310|
|Time on Market||70.5 days||77.7 days|
|Gross Rental Yield Percent||2.75%||3.93%|