Suburb Profile Report for Newtown VIC (3220)

Newtown House: Median price $702,500, Annual capital growth 6.58%, Number of sales 215, Weekly median advertised rent $400

Newtown Unit: Median price $420,000, Annual capital growth 6.58%, Number of sales 68, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 5.88% for the last 12 months, Newtown, 3220 has performed for property investments than its average annual 6.58% property growth over the last 5 years.

Comparing Newtown,3220 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property buyers and investors in Newtown 3220 should be seeing an average reduction in asking price of around -7.02% . This means that Newtown is holding prices well when compared to other suburbs in VIC.

In the last year 215 properties changed hands in Newtown, which puts it as the 105th most active market in VIC when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $4800 per annum or $400 every week.

VIC has seen average median house prices change by 3.49% which means that Newtown, 3220 has done well for property investors by showing a capital gain of 19.15% over the last year

Over the longer term, Newtown has seen property prices show investors a 35.92% 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 Newtown is offering property investors an average of -5.13. This rate of discount on properties puts Suburb at number 40th in terms of most discounted suburbs in VIC

The VIC suburb of Newtown, 3220 is in the Greater Geelong local government area.

Metrics i HOUSE UNIT
$702,500 $420,000
1.81% 0.00%
5.88% 19.15%
6.58% 6.58%
$400 $300
215 68
2.96% 3.71%
89.51 87.2

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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
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