Mortgage stress reaches 3-year low
Despite mortgage-holders experiencing record levels of comfort, red flags are emerging with financial stress tipped to rise, new research ha...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also 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 $480,000.
The upward trend in home prices in NEWLANDS ARM, 3875 averaged 8.77% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in NEWLANDS ARM.
An average of 1.58 real estate transactions take place per month in NEWLANDS ARM which translates to 19 per annum.
19 properties were sold in NEWLANDS ARM in 2016, making it the 509th most active market in VIC based on total real estate transactions.
NEWLANDS ARM, 3875 places 478th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $480,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.52% | N/A |
| Median 12 month | 11.5% | N/A |
| Median 3 years | 26.32% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 3.53% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 105.5 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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