Suburb Profile Report for Newtown NSW (2042)

Newtown House: Median price $1,460,000, Annual capital growth 9.62%, Number of sales 169, Weekly median advertised rent $765

Newtown Unit: Median price $785,000, Annual capital growth 8.94%, Number of sales 181, Weekly median advertised rent $500

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Newtown is an average performer in NSW when comparing median price capital growth over the last year. Newtown gave property investors a average capital gain figure when compared to the rest of the state, with 12.74%.

Across a shorter period, Newtown, 2042 has seen a median price increase of 0.69% over the last quarter.

Property investors looking for a bargain in Newtown should be aiming for at least -3.23% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Newtown the average time real estate has been on the market is 41.7 days.

A $765 per week rent on the median house gives suburb investors a gross yield of circa 2.72%, without taking into account capital value appreciation, which has been averaging out at 9.62%.

With a capital gain of 9.03% for the last 12 months, Newtown, 2042 has performed for property investments than its average annual 8.94% property growth over the last 5 years.

Comparing Newtown,2042 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Newtown2042 is located in NSW which offers an average discount of -4.14% to property investors. Newtown itself is showing figures that indicate -8.85% is the average achievable by property buyers investing in the suburb.

Property investors should expect to get $500 weekly from the median priced house in this suburb.

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Rich Harvey of www.propertybuyers.com.au has two words to describe Newtown: trendy and hip. “You’ve got the most diverse demographic in the suburb,” says Harvey. “You’ve got couples, singles, gays, students, recent migrants, as well as budding artist and writers. It’s really dynamic and vibrant.”Full summary

Rich Harvey of www.propertybuyer.com.au has two words to describe Newtown: trendy and hip. “You’ve got the most diverse demographic in the suburb,” says Harvey. “You’ve got couples, singles, gays, students, recent migrants, as well as budding artist and writers. It’s really dynamic and vibrant.”

King Street, which is the main thoroughfare, has the highest concentration of shops and cafes in the area. The suburb is located close to Sydney University and Prince Alfred Hospital and has excellent transport via its own train station and regular bus services to the Sydney CBD.

“Some properties in Newtown have hit a premium, but I don’t think it’s going to dip that much because Newtown has a certain appeal to this demographic. A lot of people still prefer to live in Newtown than Enmore or Sydenham; even these suburbs are very close to Newtown because of its history and character,” says Harvey.

Newtown’s residents are mostly young, with an average age of 32 according to the ABS Census. A large proportion (54%) of residents rent, while a third are currently paying their mortgages and 16% fully-own their homes. Residents are also quite affluent, earning an average of $2,243 per week, compared to $1,367 across NSW.

While pricing for houses has hit a premium in Newtown, units are the affordable option at median price of just over $400,000.

At the current pricing for units, Jeremy Sheppard of DSRscore.com.au says Newtown is ripe for the picking, as it’s showing all the characteristics of a suburb about to emerge from a flat period while remaining relatively affordable.

Where to buy: Along Georgina St
Avoid: Close to the train line and near Stephens cemetery

Close
Metrics i HOUSE UNIT
$1,460,000 $785,000
0.69% 1.95%
12.74% 9.03%
9.62% 8.94%
$765 $500
169 181
2.72% 3.31%
41.7 39.8

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Newtown NSW
Demographics
Total population 14148
Median household income ($/weekly) 1753
Median age of persons 32
Median housing loan repayment ($/monthly) 2600
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 1787 12.6
    25-34 years 4222 29.8
    35-44 years 2841 20.1
    45-54 years 1678 11.9
    55-64 years 1023 7.2
    Others 2598 18.4
    Age Group
    Census Count Percent(%)
    Not Married 5768 53.6
    Registered Married 2559 23.8
    Defacto Relationship 2440 22.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 8553 66.7
    Papua New Guinea 483 3.8
    United Kingdom 944 7.4
    United States of America 195 1.5
    Other 711 5.5
    Others 1941 15.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 557 4.6
    Christianity 4856 39.9
    Islam 141 1.2
    Other Religious Groups 111 0.9
    No Religion 6322 51.9
    Others 192 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 456 8.2
    $1,500-$1,999 715 12.9
    $2,000-$2,499 532 9.6
    $2,500-$2,999 716 12.9
    $4,000 or more 475 8.6
    Others 2647 47.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 6286 54.1
    Employed, worked part-time 2255 19.4
    Not in the labour force 2255 19.4
    Unemployed, looking for work 428 3.7
    Employed, away from work 402 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 1290 14.4
    Professionals 3847 43.0
    Technicians & trades workers 712 8.0
    Community & personal service workers 735 8.2
    Clerical & administrative workers 1312 14.7
    Others 1048 11.7
    Occupation
    Census Count Percent(%)
    Infants/Primary 440 13.6
    Secondary 256 7.9
    Technical or Further Educational Institution 338 10.4
    University or other Tertiary Institutions 1911 59.0
    Other type of educational institution 169 5.2
    Others 125 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 7286 59.4
    Flat, unit or apartment 3572 29.1
    Separate house 1207 9.8
    House or flat attached to a shop, office 204 1.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 3425 57.7
    Being purchased 1535 25.9
    Fully owned 953 16.1
    Other tenure type 21 0.4
    Tenure Type
Census 2011, ABS
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