Suburb Profile Report for Newtown VIC (3220)

Newtown House: Median price $720,000, Annual capital growth 3.47%, Number of sales 215, Weekly median advertised rent $400

Newtown Unit: Median price $397,000, Annual capital growth 5.33%, Number of sales 60, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 4.35% for the last 12 months, Newtown, 3220 has performed for property investments than its average annual 3.47% property growth over the last 5 years.

Over the longer term, Newtown has seen property prices show investors a 8.52% return over the last 3 years. This is worse than over the last 12 months

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 -7.31% is being offered, which puts this VIC suburb at 919th most discounted overall in Australia.

Advertised rents are around the $400 mark per week – giving a return of 2.89% based on the median price in Suburb

Investment property in Newtown has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.91%

When looking at the potential capital gains offered to property investors over the last 3 years, Newtown comes in at number 68th in VIC.

Property buyers and investors in Newtown 3220 should be seeing an average reduction in asking price of around -7.08% . This means that Newtown is holding prices well when compared to other suburbs in VIC.

Often selling an investment property can take time, and in Newtown the average time real estate has been on the market is 69.66 days.

Property investors should expect to get $310 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$720,000 $397,000
N/A -3.17%
4.35% -4.91%
3.47% 5.33%
$400 $310
215 60
2.89% 4.06%
82.98 69.66

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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