The suburb’s capital gain of 9.52% for the past year is higher than average compared to its 12.2% growth within a five-year period.
Also in NEWBOROUGH, the median home price is sitting at $230,000, and the average rent at $267.5, this suggests property owners could potentially earn a 6.05% increase in gross rental yield.
Property investors have seen a 2.22% 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 3.8% growth over a ten-year period. It ranks 2168th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.52%||N/A|
|Median 3 years||4.43%||N/A|
|Median 5 years||12.2%||N/A|
|10 years average annual||3.8%||N/A|
|Weekly media advert. rent||$267.5||N/A|
|Time on Market||107.0 days||N/A|
|Gross Rental Yield Percent||6.05%||N/A|