Suburb Profile Report for Newborough VIC (3825)

Newborough House: Median price $226,250, Annual capital growth 3.44%, Number of sales 122, Weekly median advertised rent $260

Newborough Unit: Median price $151,250, Annual capital growth 5.89%, Number of sales 10, Weekly median advertised rent $150

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Newborough have tracked lower than the VIC average of 10.83% over the last 12 months.

Comparing Newborough,3825 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

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 Newborough, 3825. Typically our figures indicate that -6.58% is being offered, which puts this VIC suburb at 1279th most discounted overall in Australia.

At number 3105 in a list of fastest selling suburbs, Newborough is in the bottom 20% of suburbs in Australia with an average of days on market 113.39 for properties listed there.

A $260 per week rent on the median house gives suburb investors a gross yield of circa 5.98%, without taking into account capital value appreciation, which has been averaging out at 3.44%.

If you compare the increase in value of investment property in Newborough, 3825 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -15.97%.

The VIC suburb of Newborough, 3825 is in the Latrobe local government area.

Metrics i HOUSE UNIT
$226,250 $151,250
0.56% N/A
2.84% -15.97%
3.44% 5.89%
$260 $150
122 10
5.98% 5.16%
113.39 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 6932
Median household income ($/weekly) 883
Median age of persons 41
Median housing loan repayment ($/monthly) 1083
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 857 12.4
    25-34 years 744 10.7
    35-44 years 847 12.2
    45-54 years 906 13.1
    55-64 years 867 12.5
    Others 2712 39.1
    Age Group
    Census Count Percent(%)
    Registered Married 2323 46.9
    Not Married 2185 44.1
    Defacto Relationship 447 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 5624 84.8
    Greece 89 1.3
    New Zealand 98 1.5
    United Kingdom 391 5.9
    Other 116 1.7
    Others 314 4.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 36 0.6
    Christianity 4335 68.7
    Islam 13 0.2
    Other Religious Groups 32 0.5
    No Religion 1892 30.0
    Others 3 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 285 11.9
    $400-$599 356 14.9
    $600-$799 272 11.3
    $800-$999 248 10.3
    $1,500-$1,999 242 10.1
    Others 994 41.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2448 45.1
    Employed, worked full-time 1597 29.4
    Employed, worked part-time 933 17.2
    Unemployed, looking for work 253 4.7
    Employed, away from work 195 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 333 12.2
    Technicians & trades workers 594 21.8
    Clerical & administrative workers 389 14.3
    Sales 312 11.5
    Labourers 323 11.9
    Others 772 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 91 6.4
    Infants/Primary 541 38.1
    Secondary 469 33.0
    Technical or Further Educational Institution 174 12.2
    University or other Tertiary Institutions 108 7.6
    Others 38 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5835 92.6
    Flat, unit or apartment 331 5.3
    Semi-detached, row or terrace house, townhouse 134 2.1
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1032 39.7
    Being purchased 915 35.2
    Rented 624 24.0
    Other tenure type 26 1.0
    Tenure Type
Census 2011, ABS
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