ORANGE 
1 MIN READCanberra Now Boasts A 7-figure Median House Price
With double-digit growth and the steepest price acceleration in almost three decades, Canberra continues to dominate the...
Read More
NewtownNewtown - SUBURB PROFILE REPORT
SHARE 
Property investors have seen a -1.58% 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 $935,000
Profits averaged 6.58% 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 2.5%.
An average of 15.08 real estate transactions take place per month in NEWTOWN which translates to 181 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $935,000 | $545,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.58% | 13.36% |
| Median 12 month | 4.47% | 4.21% |
| Median 3 years | 19.73% | 32.93% |
| Median 5 years | 46.09% | 43.42% |
| 10 years average annual | 5.38% | 5.95% |
| Weekly media advert. rent | $450 | $350 |
| Time on Market | 68.9 days | 66.9 days |
| Gross Rental Yield Percent | 2.5% | 3.34% |
Get notifications in real-time for staying up to date with content that matters to you.
Copyright © 2021 Smart Property Investment
PODCAST
