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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 $801,000
Profits averaged 5.36% 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 2.92%.
An average of 12.17 real estate transactions take place per month in NEWTOWN which translates to 146 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $801,000 | $500,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.09% | -15.11% |
| Median 12 month | 0.13% | 19.62% |
| Median 3 years | 16.09% | 19.05% |
| Median 5 years | 31.31% | 56.74% |
| 10 years average annual | 7.21% | 6.34% |
| Weekly media advert. rent | $450 | $350 |
| Time on Market | 55.5 days | 53.1 days |
| Gross Rental Yield Percent | 2.92% | 3.64% |
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