Real Estate Appraisal Newtown VIC 3220
How much is my home worth in Newtown?
The median price for a house in Newtown is $1,260,000 as of August 2024. The median price for a unit is $605,750.
There have been 105 houses sold and 44 units sold in the last year. The average annual capital growth for houses is 12.5% and for units, it is 1.8%.
House prices and rent returns in Newtown.
- 2 bedroom home $800,000, Rent per week $470
- 3 bedroom home $1,125,000 Rent per week $530
- 4 bedroom home $1,500,000, Rent per week $650
Unit prices and rent returns in Newtown.
- 2 bedroom unit $565,000, Rent per week $430
- 3 bedroom unit $800,000, Rent per week $590
The Newtown gross rental yield for houses is 7.1% and for units, it is 1.8%.
Free Real Estate Appraisal Newtown
Selling your house in Newtown? Do you want to know the current market price of your house or unit? Our appraisers will deliver an accurate appraisal based on recent sales data together with the location of amenities, schools and shops. Our agents will provide this valuation free of charge.
Free Rental Appraisal Newtown
Do you have an investment property you wish to rent? Or, do you want to rent out your current home? Our property management team currently manages over 34,000 properties in Australia. Our focus is to maintain and care for your property so you can realise the maximum return on your investment. We use the latest software tools to organise our services and we provide full digital tax accounting files. We work closely with the landlord and report regularly on their property. We have a large database of potential tenants that we screen for security reasons.
Property Valuation Newtown
The majority of people believe a property appraisal and a property valuation are the same. In part, this is true. However, if you need a valuation for legal purposes, you need to engage the services of a licenced property valuer. A valuation from a certified property valuer will cost you money. Or, if you just want to know how much your home is worth, then any registered real estate agent can give you a good understanding of what price you could get for your property, both for sales and rent.
If you want to know the value of your Newtown home, request an appraisal today to speak to one of our experienced Property Consultants or Property Managers.
How do we appraise a property in Newtown?
- Recent property sales history in the Newtown district
- Location and the proximity to amenities
- Accessibility of schools and shops
- Comparison of market values
- Condition and size of the property