Real Estate Appraisal Newborough VIC 3825
Free Real Estate Appraisals in Newborough.
Thinking of selling your property in Newborough? Our appraisers are free to value your house, unit or land. We base our final market price on the properties location to shops, schools, transport and public amenities. We also factor in the recent sales history of real estate sold in Newborough. We maintain a list of potential buyers interested in all types of property in Newborough and the surrounding regions. Once the appraisal is complete we will demonstrate on have we arrived at our final valuation. It takes on average 17 days to sell a house.
How Much is my Home Worth in Newborough?
The latest Demand to Supply Ratio data says that this is a sellers market. They rate houses in Newborough as excellent and sellers are getting strong offers. Because there are more buyers than properties available the price will continue to push upward. Property capital growth should stay ahead of the national average. Over the past 12 months, the capital growth has been 22.09% for houses and 1.17% for units. The average annual capital growth is 12.80% for houses and 11.44% for units. As of Novemeber 16, 2022, the median price for a house in Newborough was $450,000 and the median price for a unit was $262,500. Over the past year, there have been 130 houses sold and 17 units sold.
House prices in Newborough.
- 2 bedroom house $370,000 Rent per week $257
- 3 bedroom house $435,000 Rent per week $330
- 4 bedroom house $549,975 Rent per week $365
The gross rental yield for a house is 4.53% and for a unit, it is 4.75% in Newborough.
Lifestyle in Newborough
Newborough is located in the Latrobe Valley. It is approximately 140 kilometres east of Melbourne. Its main neighbour to the west is Moe. The population is around 7000. There is a small arts and crafts community. There is the local Australian Rules Football club and a soccer club. There are 2 primary and 2 secondary schools in Newborough.
Schools In Newborough.
- Newborough Primary School
- Immaculate Heart Of Mary Primary School
- Lowanna College Newborough
- Lavalla Catholic College
Recently Sold Property in Newborough
Browse our list of recently sold homes in Newborough. Our list includes land, units and houses.
