Suburb Profile Report for Newport VIC (3015)

Newport House: Median price $959,000, Annual capital growth 7.93%, Number of sales 162, Weekly median advertised rent $505

Newport Unit: Median price $655,800, Annual capital growth 6.03%, Number of sales 64, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1490th in the list of Australian suburbs ordered by increase in median house value over the last year, Newport, 3015 is in the top 40% with a property value increase of 9.35% recorded in median house prices.

A 47.54% growth in median value for property investors in Newport,3015 puts this suburb at number 365th in terms of best performing suburbs in VIC

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.71% offered to property buyers. Sellers in Newport itself are offering an average vendor discount of -3.98% to real estate investors.

With the median price for a house in Newport being $959000 and the advertised rent reaching $505 the gross rental yield for property investors calculates out to be 2.74%

VIC has seen average median house prices change by 4.83% which means that Newport, 3015 has done well for property investors by showing a capital gain of 6.85% over the last year

Across a shorter period, Newport, 3015 has seen a median price increase of 8.94% over the last quarter.

Sellers are offering property buyers an average discount of -7.09% to buyers in Newport at the moment, which is less than average for the rest of VIC.

At number 521 in a list of fastest selling suburbs, Newport is in the TOP 40% of suburbs in Australia with an average of days on market 65 for properties listed there.

Situated 7.79km from the CBD, Newport is one of Hobsons Bay localities in the postcode 3015.

Metrics i HOUSE UNIT
$959,000 $655,800
2.46% 8.94%
9.35% 6.85%
7.93% 6.03%
$505 $420
162 64
2.74% 3.33%
51.96 65

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 11987
Median household income ($/weekly) 1719
Median age of persons 36
Median housing loan repayment ($/monthly) 2167
Average household size 2.5
  • Census Count Percent(%)
    0-4 years 1096 9.1
    5-14 years 1362 11.4
    25-34 years 1794 15.0
    35-44 years 2344 19.6
    45-54 years 1804 15.0
    Others 3587 29.9
    Age Group
    Census Count Percent(%)
    Registered Married 4070 47.2
    Not Married 3465 40.2
    Defacto Relationship 1091 12.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 8587 76.0
    Hong Kong 166 1.5
    Papua New Guinea 270 2.4
    United Kingdom 539 4.8
    Other 364 3.2
    Others 1377 12.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 170 1.6
    Christianity 6485 59.5
    Hinduism 113 1.0
    Islam 377 3.5
    No Religion 3666 33.6
    Others 96 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 296 7.5
    $1,500-$1,999 491 12.4
    $2,000-$2,499 397 10.0
    $2,500-$2,999 525 13.3
    $3,000-$3,499 336 8.5
    Others 1917 48.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4120 46.0
    Not in the labour force 2491 27.8
    Employed, worked part-time 1683 18.8
    Employed, away from work 399 4.5
    Unemployed, looking for work 263 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 996 16.1
    Professionals 1951 31.5
    Technicians & trades workers 711 11.5
    Community & personal service workers 502 8.1
    Clerical & administrative workers 932 15.0
    Others 1110 17.9
    Occupation
    Census Count Percent(%)
    Pre-school 296 11.0
    Infants/Primary 870 32.2
    Secondary 670 24.8
    Technical or Further Educational Institution 204 7.5
    University or other Tertiary Institutions 580 21.5
    Others 83 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8206 74.0
    Semi-detached, row or terrace house, townhouse 2253 20.3
    Flat, unit or apartment 574 5.2
    House or flat attached to a shop, office 59 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1797 41.4
    Fully owned 1330 30.6
    Rented 1196 27.6
    Other tenure type 18 0.4
    Tenure Type
Census 2011, ABS
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