Canberra 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...
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 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%|