NEWBOROUGH ranks 645th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 0.33% for the past year is lower than average compared to its 5.39% growth within a five-year period.
Also in NEWBOROUGH, the median home price is sitting at $225,000, and the average rent at $267.5, this suggests property owners could potentially earn a 6.18% increase in gross rental yield.
Property investors have seen a -2.17% drop in NEWBOROUGH based on a decrease 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 3.62% growth over a ten-year period. It ranks 2177th on our list of suburbs that property investors should look into.