NEWCOMB 3219
State: VICPosiProp AI Investment Summary
NEWCOMB (VIC 3219) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 4.0% and has experienced a 12-month capital growth of Up 14.3%, with a median house buy price of $650,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$542,500
$660,000
$725,000
$650,000
Suburb Market Profile
Last month Newcomb had 36 properties available for rent and 20 properties for sale. Median property prices over the last year range from $650,000 for houses to $527,500 for units. If you are looking for an investment property, consider houses in Newcomb rent out for $485 PW with an annual rental yield of 4.0% and units rent for $420 PW with a rental yield of 4.4%. Newcomb has seen an annual compound growth rate of 14.3% for houses and 10.0% for units.
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