The suburb’s capital gain of 6.38% for the past year is higher than average compared to its 15.38% growth within a five-year period.
Also in NEWBOROUGH, the median home price is sitting at $225,000, and the average rent at $262.5, this suggests property owners could potentially earn a 6.07% increase in gross rental yield.
Property investors have seen a 2.74% 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 3.93% growth over a ten-year period. It ranks 2140th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.38%||-16.67%|
|Median 3 years||4.65%||2.42%|
|Median 5 years||15.38%||-21.43%|
|10 years average annual||3.93%||1.34%|
|Weekly media advert. rent||$262.5||$147.5|
|Time on Market||113.8 days||0.0 days|
|Gross Rental Yield Percent||6.07%||5.58%|