Suburb Profile Report for Newmarket QLD (4051)

Newmarket House: Median price $815,100, Annual capital growth 5.33%, Number of sales 58, Weekly median advertised rent $480

Newmarket Unit: Median price $460,000, Annual capital growth 3.92%, Number of sales 29, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Newmarket have tracked just higher than the QLD average of 2.38% over the last 12 months.

If we look at median property appreciation over just the last three months, Newmarket has given property investors a paper return of -0.85%. This puts Suburb as 623 on a list of fastest fasting appreciating suburbs in QLD

Newmarket, 4051 is offering QLD ‘s 746th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this QLD.

In the last year 58 properties changed hands in Newmarket, which puts it as the 399th most active market in QLD when comparing the number of sales per suburb.

With the median price for a house in Newmarket being $815100 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 3.06%

Over the last year, property investments in Newmarket, 4051 have given investors a capital gain of 6.85%. This compares favourably with the 0.65% for QLD as a whole.

While Newmarket,4051 ranked number 100th in QLD for increase in median house value (annualised) increase, it is ranked 43th over the last 5 years.

Vendor discounting in Newmarket is giving property investors an average Vendor Discount of around -5.81%. This puts suburb at number 155th in QLD when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Newmarket the average time real estate has been on the market is 54.52 days.

Renters in Suburb are facing rents around $4740 per annum or $395 every week.

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Located just 4km north of the Brisbane CBD, Newmarket is an older established suburb with its own rail station. The suburb has continued to attract younger residents who are looking for convenience and lifestyle.Full summary

Located just 4km north of the Brisbane CBD, Newmarket is an older established suburb with its own rail station. The suburb has continued to attract younger residents who are looking for convenience and lifestyle.

The suburb’s close proximity to the a number of parks and amenities as well as the QUT’s campus in Kelvin Grove ensures rental demand is also strong in the area.

Close
Metrics i HOUSE UNIT
$815,100 $460,000
-0.85% 1.10%
6.20% 6.85%
5.33% 3.92%
$480 $395
58 29
3.06% 4.47%
57.9 54.52

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Newmarket QLD
Demographics
Total population 4444
Median household income ($/weekly) 1565
Median age of persons 32
Median housing loan repayment ($/monthly) 2200
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 493 11.1
    20-24 years 566 12.7
    25-34 years 854 19.2
    35-44 years 677 15.2
    45-54 years 549 12.4
    Others 1304 29.3
    Age Group
    Census Count Percent(%)
    Not Married 1760 51.5
    Registered Married 1218 35.6
    Defacto Relationship 441 12.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3371 78.6
    Indonesia 82 1.9
    Papua New Guinea 117 2.7
    United Kingdom 174 4.1
    Other 173 4.0
    Others 370 8.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 73 1.8
    Christianity 2573 62.7
    Hinduism 78 1.9
    Other Religious Groups 55 1.3
    No Religion 1305 31.8
    Others 21 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 139 8.6
    $1,500-$1,999 192 11.9
    $2,000-$2,499 148 9.1
    $2,500-$2,999 193 11.9
    $3,000-$3,499 133 8.2
    Others 815 50.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1630 45.6
    Not in the labour force 888 24.8
    Employed, worked part-time 799 22.3
    Unemployed, looking for work 136 3.8
    Employed, away from work 125 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 315 12.3
    Professionals 891 34.9
    Technicians & trades workers 245 9.6
    Community & personal service workers 258 10.1
    Clerical & administrative workers 391 15.3
    Others 455 17.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 341 27.0
    Secondary 222 17.5
    Technical or Further Educational Institution 87 6.9
    University or other Tertiary Institutions 517 40.9
    Other type of educational institution 51 4.0
    Others 47 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2901 68.6
    Flat, unit or apartment 796 18.8
    Semi-detached, row or terrace house, townhouse 518 12.2
    House or flat attached to a shop, office 15 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 816 46.5
    Being purchased 514 29.3
    Fully owned 400 22.8
    Other tenure type 26 1.5
    Tenure Type
Census 2011, ABS
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