Suburb Profile Report for Newport NSW (2106)

Newport House: Median price $1,810,000, Annual capital growth 6.66%, Number of sales 126, Weekly median advertised rent $950

Newport Unit: Median price $850,000, Annual capital growth 6.04%, Number of sales 89, Weekly median advertised rent $568

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

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 9.05% which means that Newport, 2106 has done well for property investors by showing a capital gain of 13.48% over the last year

Over the longer term, Newport has seen property prices show investors a 50.83% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -7.33% to buyers in Newport at the moment, which is less than average for the rest of NSW.

The NSW suburb of Newport, 2106 is in the Pittwater local government area.

At number 152th in the list of Australian suburbs ordered by increase in median house value over the last year, Newport, 2106 is in the top 10% with a property value increase of 18.72% recorded in median house prices.

If we look at median property appreciation over just the last three months, Newport has given property investors a paper return of 4.23%. This puts Suburb as 152 on a list of fastest fasting appreciating suburbs in NSW

Property buyers and investors in Newport 2106 should be seeing an average reduction in asking price of around -4.74% . This means that Newport is holding prices well when compared to other suburbs in NSW.

Using the current median advertised rental of $567.5 and the average annual increase in value of a median property of 6.04%, investors should hope to achieve an overall return of 3.47%

Metrics i HOUSE UNIT
$1,810,000 $850,000
3.43% 4.23%
13.48% 18.72%
6.66% 6.04%
$950 $568
126 89
2.73% 3.47%
53.91 36.53

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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