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Property investors have seen a -0.09% 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 $808,000
Profits averaged 6.7% 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 $440 based on current median home prices for the suburb.
The gross rental yield in NEWTOWN, 3220 is 2.83%.
An average of 11.58 real estate transactions take place per month in NEWTOWN which translates to 139 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $808,000 | $580,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.09% | -1.53% |
| Median 12 month | -0.25% | 43.74% |
| Median 3 years | 20.1% | 40.95% |
| Median 5 years | 35.4% | 87.1% |
| 10 years average annual | 6.42% | 7.69% |
| Weekly media advert. rent | $440 | $345 |
| Time on Market | 53.5 days | 49.4 days |
| Gross Rental Yield Percent | 2.83% | 3.09% |
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