Suburb Profile Report for Newtown VIC (3220)

Newtown House: Median price $740,000, Annual capital growth 6.64%, Number of sales 206, Weekly median advertised rent $400

Newtown Unit: Median price $420,000, Annual capital growth 5.78%, Number of sales 70, Weekly median advertised rent $298

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Newtown has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.53%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Newtown has increased when compared to the 5 year average annual rate.

Vendor discounting in Newtown is giving property investors an average Vendor Discount of around -6.73%. This puts suburb at number 142th in VIC when ranking the most discounted suburbs.

Newtown, 3220’s gross rental yield is 2.81%

At number 549th in the list of Australian suburbs ordered by increase in median house value over the last year, Newtown, 3220 is in the top 40% with a property value increase of 8.25% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Newtown,3220 has racked up an average of 8.25% over the period. This ranks it number 279th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Newtown, 3220. Typically our figures indicate that -7.19% is being offered, which puts this VIC suburb at 256th most discounted overall in Australia.

Advertised rents are around the $297.5 mark per week – giving a return of 3.68% based on the median price in Suburb

Metrics i HOUSE UNIT
$740,000 $420,000
4.96% 0.00%
11.53% 8.25%
6.64% 5.78%
$400 $298
206 70
2.81% 3.68%
83.59 83.72

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Newtown VIC
Demographics
Total population 9681
Median household income ($/weekly) 1328
Median age of persons 40
Median housing loan repayment ($/monthly) 1800
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1353 14.0
    25-34 years 968 10.0
    35-44 years 1353 14.0
    45-54 years 1531 15.8
    55-64 years 1186 12.3
    Others 3290 34.0
    Age Group
    Census Count Percent(%)
    Registered Married 3672 52.1
    Not Married 2872 40.7
    Defacto Relationship 508 7.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 8089 86.6
    Greece 69 0.7
    Papua New Guinea 83 0.9
    United Kingdom 373 4.0
    Other 166 1.8
    Others 560 6.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 94 1.0
    Christianity 6389 71.1
    Islam 43 0.5
    Other Religious Groups 49 0.5
    No Religion 2367 26.4
    Others 40 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 332 9.9
    $600-$799 303 9.0
    $800-$999 295 8.8
    $1,500-$1,999 402 11.9
    $2,500-$2,999 356 10.6
    Others 1678 49.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2837 37.9
    Not in the labour force 2487 33.2
    Employed, worked part-time 1668 22.3
    Employed, away from work 277 3.7
    Unemployed, looking for work 212 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 712 14.9
    Professionals 1505 31.5
    Technicians & trades workers 531 11.1
    Clerical & administrative workers 586 12.3
    Sales 468 9.8
    Others 979 20.5
    Occupation
    Census Count Percent(%)
    Pre-school 206 7.8
    Infants/Primary 875 33.0
    Secondary 791 29.8
    Technical or Further Educational Institution 181 6.8
    University or other Tertiary Institutions 531 20.0
    Others 66 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7678 85.0
    Flat, unit or apartment 686 7.6
    Semi-detached, row or terrace house, townhouse 649 7.2
    House or flat attached to a shop, office 21 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1451 39.2
    Being purchased 1161 31.4
    Rented 1061 28.7
    Other tenure type 30 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals