Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
Property investors have seen a 7.66% gain in NEWTOWN based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on NEWTOWN, 3220 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 22.88%.
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 $1,152,000
Profits averaged 14.22% 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 $495 based on current median home prices for the suburb.
The gross rental yield in NEWTOWN, 3220 is 2.23%.
An average of 16.08 real estate transactions take place per month in NEWTOWN which translates to 193 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||22.88%||30.82%|
|Median 3 years||42.66%||64.18%|
|Median 5 years||60%||59.04%|
|10 years average annual||8.07%||7.4%|
|Weekly media advert. rent||$495||$370|
|Time on Market||70.8 days||35.0 days|
|Gross Rental Yield Percent||2.23%||2.92%|