Lot 32 - Co-Living North Quarter - Newborough

Description

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Newborough is a town in the Latrobe Valley in Victoria, Australia which shares a border to its west, mostly along the Narracan Creek, with the town of Moe. 

NEWBOROUGH ranks 143rd in VIC when it comes to estimated capital gains experienced by property investors over the past three years. The suburb's capital gain of 20.78% for the past year is higher than average compared to its 71.78% growth within a five-year period.

If you're thinking about buying an investment property in Newborough, consider that rental yields for houses are currently 4.53% with an average median rent of $350 weekly. Houses have seen 2.63% growth in the past quarter, and 21.88% growth in the past 12 months.

• Property Type: House and LandCashflow PositiveCo-Living
• Property Stage: N/A
• Price: $ 607,020.00
• Land Price: $ 225,000.00
• Build Price: $ 382,020.00
• Beds: 3
• Bath: 3
• Garage: 2
• Storey: 1
• Study: N/A
• Power Rooms: N/A
• MPR: N/A
• Powder Room: N/A
• Balcony: N/A
• Floor Plan: Raleigh 17 GE
• Completion: N/A
• Land Size: 574
• Area Size: 151.00
• Year Built: N/A
• Est. Rates: N/A
• Est. Rent PW: 700.00
• Est. Body Corp.: N/A
• Title Status: Registered
• Gross Per Week: $ 700.00
• Gross Per Annum: $ 36,400.00
• Gross Yield: 6.00%
• Capital Growth 12 Months: -5.25%
• Capital Growth 10 Year Annualised: 7.40%
• Vacancy Rate: 1.07%