Suburb Profile Report for Newport VIC (3015)

Newport House: Median price $950,000, Annual capital growth 8.07%, Number of sales 162, Weekly median advertised rent $500

Newport Unit: Median price $601,000, Annual capital growth 5.09%, Number of sales 70, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 8.27% which means that Newport, 3015 has done well for property investors by showing a capital gain of 14.46% over the last year

Over the longer term, Newport has seen property prices show investors a 37.48% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Newport is offering property investors an average of -5.91. This rate of discount on properties puts Suburb at number 65th in terms of most discounted suburbs in VIC

Often selling an investment property can take time, and in Newport the average time real estate has been on the market is 54.9 days.

Using the current median advertised rental of $500 and the average annual increase in value of a median property of 8.07%, investors should hope to achieve an overall return of 2.74%

Giving property investors a an unimpressive capital gain of -1.88% for the last year, Newport, 3015 is the 1263th highest performer in Australia in this respect.

Comparing Newport,3015 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Newport should be aiming for at least -6.47% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $420 mark per week – giving a return of 3.63% based on the median price in Suburb

Metrics i HOUSE UNIT
$950,000 $601,000
2.15% -0.17%
14.46% -1.88%
8.07% 5.09%
$500 $420
162 70
2.74% 3.63%
54.9 55.06

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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