NEWBOROUGH ranks 251st in VIC when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 10% for the past year is higher than average compared to its 44.74% growth within a five-year period.
Also in NEWBOROUGH, the median home price is sitting at $495,000, and the average rent at $470, this suggests property owners could potentially earn a 4.94% increase in gross rental yield.
Property investors have seen a 3.13% gain in NEWBOROUGH based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 9.27% growth over a ten-year period. It ranks 418th on our list of suburbs that property investors should look into.
A steady increase in median property prices over a five-year period in NEWBOROUGH, 3825 translates to a 11.94% capital gain.
NEWBOROUGH, 3825 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $300,000.
Augmented property values in NEWBOROUGH are trailing above the VIC average of 4.05% for the past year.
Real estate investors could earn a rental income of $300 based on current median home prices for the suburb.
Home owners selling their properties and realtors in NEWBOROUGH usually have to wait an average of N/A days before their assets are lifted off the market.
NEWBOROUGH ranks 67th on the list of best yielding suburbs for rental properties in VIC, posting a 5.2% return.
NEWBOROUGH, 3825 places 324th in Australia based on median property value growth during the quarter.