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 $780,475
Profits averaged 4.54% 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 2.67%.
An average of 18.58 real estate transactions take place per month in NEWTOWN which translates to 223 per annum.
Property investments in NEWTOWN fare well against the rest of the country last year, registering a median home price increase of 3.7%.
Figures from the previous quarter show that capital gains for real estate buyers in NEWTOWN are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains NEWTOWN, 3220 saw average growth in the long term.
This means, real estate investors could earn a rental income of $315 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In NEWTOWN, homes and units usually stay on listing for an average of 68.4 days.
the VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $420,000
Investors saw the median home price rise to $420,000.
NEWTOWN ranks 194th on the list of best yielding suburbs for rental properties in VIC, posting a 3.9% return.
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