Suburb Profile Report for Newmarket QLD (4051)

Newmarket House: Median price $900,000, Annual capital growth 3.42%, Number of sales 37, Weekly median advertised rent $560

Newmarket Unit: Median price $408,500, Annual capital growth 0.75%, Number of sales 32, Weekly median advertised rent $405

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

At number 1353th in the list of Australian suburbs ordered by increase in median house value over the last year, Newmarket, 4051 is in the top 40% with a property value increase of 3.45% recorded in median house prices.

The five-year average increase in median property values for Newmarket,4051 has given property investors a potential capital gain of 16.85% across each of those five years.

Residents and property investors in Newmarket have been waiting around 56.6154 days to sell a property.

Advertised rents are around the $560 mark per week – giving a return of 3.24% based on the median price in Suburb

Investment property in Newmarket 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 -12.43%

Across a shorter period, Newmarket, 4051 has seen a median price increase of -2.16% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Newmarket is offering property investors an average of -6.19. This rate of discount on properties puts Suburb at number 106th in terms of most discounted suburbs in QLD

Often selling an investment property can take time, and in Newmarket the average time real estate has been on the market is 59.0385 days.

Newmarket, 4051’s gross rental yield is 5.16%

Information supplied by:




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Located just 4km north of the Brisbane CBD, Newmarket is an older established suburb with its own rail station. The suburb has continued to attract younger residents who are looking for convenience and lifestyle.

The suburb’s close proximity to the a number of parks and amenities as well as the QUT’s campus in Kelvin Grove ensures rental demand is also strong in the area.

Metrics i HOUSE UNIT
$900,000 $408,500
-0.06% -2.16%
3.45% -12.43%
3.42% 0.75%
$560 $405
37 32
3.24% 5.16%
56.6153846153846 59.0384615384615

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 4444
Median household income ($/weekly) 1565
Median age of persons 32
Median housing loan repayment ($/monthly) 2200
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 493 11.1
    20-24 years 566 12.7
    25-34 years 854 19.2
    35-44 years 677 15.2
    45-54 years 549 12.4
    Others 1304 29.3
    Age Group
    Census Count Percent(%)
    Not Married 1760 51.5
    Registered Married 1218 35.6
    Defacto Relationship 441 12.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3371 78.6
    Indonesia 82 1.9
    Papua New Guinea 117 2.7
    United Kingdom 174 4.1
    Other 173 4.0
    Others 370 8.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 73 1.8
    Christianity 2573 62.7
    Hinduism 78 1.9
    Other Religious Groups 55 1.3
    No Religion 1305 31.8
    Others 21 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 139 8.6
    $1,500-$1,999 192 11.9
    $2,000-$2,499 148 9.1
    $2,500-$2,999 193 11.9
    $3,000-$3,499 133 8.2
    Others 815 50.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1630 45.6
    Not in the labour force 888 24.8
    Employed, worked part-time 799 22.3
    Unemployed, looking for work 136 3.8
    Employed, away from work 125 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 315 12.3
    Professionals 891 34.9
    Technicians & trades workers 245 9.6
    Community & personal service workers 258 10.1
    Clerical & administrative workers 391 15.3
    Others 455 17.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 341 27.0
    Secondary 222 17.5
    Technical or Further Educational Institution 87 6.9
    University or other Tertiary Institutions 517 40.9
    Other type of educational institution 51 4.0
    Others 47 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2901 68.6
    Flat, unit or apartment 796 18.8
    Semi-detached, row or terrace house, townhouse 518 12.2
    House or flat attached to a shop, office 15 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 816 46.5
    Being purchased 514 29.3
    Fully owned 400 22.8
    Other tenure type 26 1.5
    Tenure Type
Census 2011, ABS
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