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 $720,000
Profits averaged 2.84% 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 2.89%.
An average of 17.92 real estate transactions take place per month in NEWTOWN which translates to 215 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.35%||-4.91%|
|Median 3 years||8.52%||28.27%|
|Median 5 years||14.29%||31.02%|
|10 years average annual||3.47%||5.33%|
|Weekly media advert. rent||$400||$310|
|Time on Market||82.9 days||69.6 days|
|Gross Rental Yield Percent||2.89%||4.06%|