Stability paving the way for property market gains
The housing market’s continual strength cannot be discounted despite the national property market’s recent dive to its largest value lo...
Property investors have seen a -0.62% 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 $800,000
Profits averaged 8.17% 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 $420 based on current median home prices for the suburb.
The gross rental yield in NEWTOWN, 3220 is 2.73%.
An average of 15.75 real estate transactions take place per month in NEWTOWN which translates to 189 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $800,000 | $396,250 |
| GROWTH REPORT | ||
| Median Quarterly | -0.62% | -5.88% |
| Median 12 month | 3.23% | -4.52% |
| Median 3 years | 24.51% | 10.07% |
| Median 5 years | 40.35% | 17.06% |
| 10 years average annual | 7.18% | 6.31% |
| Weekly media advert. rent | $420 | $330 |
| Time on Market | 42.0 days | 61.0 days |
| Gross Rental Yield Percent | 2.73% | 4.33% |
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