Suburb Profile Report for Newport NSW (2106)

Newport House: Median price $1,750,000, Annual capital growth 6.71%, Number of sales 132, Weekly median advertised rent $950

Newport Unit: Median price $809,000, Annual capital growth 6.07%, Number of sales 93, Weekly median advertised rent $570

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 531th in the list of Australian suburbs ordered by increase in median house value over the last year, Newport, 2106 is in the top 20% with a property value increase of 14.75% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Newport comes in at number 146th in NSW.

LACK OF BUYER INTEREST may well be the reason that Newport is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 141th in terms of most discounted suburbs in NSW

A $950 per week rent on the median house gives suburb investors a gross yield of circa 2.82%, without taking into account capital value appreciation, which has been averaging out at 6.71%.

If you compare the increase in value of investment property in Newport, 2106 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 14.75%.

Across a shorter period, Newport, 2106 has seen a median price increase of 8.23% over the last quarter.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.41% offered to property buyers. Sellers in Newport itself are offering an average vendor discount of -3.09% to real estate investors.

Often selling an investment property can take time, and in Newport the average time real estate has been on the market is 36.41 days.

A $570 per week rent on the median house gives suburb investors a gross yield of circa 3.66%, without taking into account capital value appreciation, which has been averaging out at 6.07%.

HOUSE UNIT
$1,750,000 $809,000
7.36% 8.23%
14.75% 14.75%
6.71% 6.07%
$950 $570
132 93
2.82% 3.66%
60.44 36.41

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 9036
Median household income ($/weekly) 1778
Median age of persons 40
Median housing loan repayment ($/monthly) 2850
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1133 12.5
    25-34 years 901 10.0
    35-44 years 1270 14.1
    45-54 years 1491 16.5
    55-64 years 1249 13.8
    Others 2993 33.1
    Age Group
    Census Count Percent(%)
    Registered Married 3453 52.0
    Not Married 2486 37.4
    Defacto Relationship 702 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 6606 77.4
    Papua New Guinea 172 2.0
    South Africa 114 1.3
    United Kingdom 770 9.0
    Other 283 3.3
    Others 591 6.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 136 1.7
    Christianity 5477 67.1
    Judaism 43 0.5
    Other Religious Groups 57 0.7
    No Religion 2406 29.5
    Others 42 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 356 12.4
    $2,000-$2,499 285 10.0
    $2,500-$2,999 392 13.7
    $3,000-$3,499 239 8.3
    $4,000 or more 232 8.1
    Others 1359 47.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2837 41.1
    Not in the labour force 1946 28.2
    Employed, worked part-time 1660 24.0
    Employed, away from work 290 4.2
    Unemployed, looking for work 170 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 868 18.1
    Professionals 1251 26.1
    Technicians & trades workers 671 14.0
    Community & personal service workers 451 9.4
    Clerical & administrative workers 677 14.1
    Others 872 18.2
    Occupation
    Census Count Percent(%)
    Pre-school 197 9.2
    Infants/Primary 714 33.2
    Secondary 602 28.0
    Technical or Further Educational Institution 205 9.5
    University or other Tertiary Institutions 373 17.3
    Others 60 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5388 64.2
    Flat, unit or apartment 1677 20.0
    Semi-detached, row or terrace house, townhouse 1314 15.6
    House or flat attached to a shop, office 13 0.2
    Caravan, cabin, houseboat 6 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1219 37.9
    Fully owned 1170 36.3
    Rented 817 25.4
    Other tenure type 14 0.4
    Tenure Type
Census 2011, ABS
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