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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 $790,000
Profits averaged 4.83% 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 2.63%.
An average of 17.25 real estate transactions take place per month in NEWTOWN which translates to 207 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $790,000 | $405,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | -2.41% |
| Median 12 month | 1.28% | -0.61% |
| Median 3 years | 14.49% | 17.39% |
| Median 5 years | 24.65% | 12.97% |
| 10 years average annual | 3.62% | 7.06% |
| Weekly media advert. rent | $400 | $320 |
| Time on Market | 65.1 days | 82.1 days |
| Gross Rental Yield Percent | 2.63% | 4.11% |
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