Suburb Profile Report for Newport VIC (3015)

Newport House: Median price $1,053,900, Annual capital growth 6.04%, Number of sales 182, Weekly median advertised rent $560

Newport Unit: Median price $720,000, Annual capital growth 3.74%, Number of sales 44, Weekly median advertised rent $500

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

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

  • House Report
  • Unit Report

Property investors who have had real estate in Newport, 3015 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.09%

Across a shorter period, Newport, 3015 has seen a median price increase of 1.02% over the last quarter.

Property investors looking for a bargain in Newport should be aiming for at least -5.79% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $560 weekly from the median priced house in this suburb.

If you compare the increase in value of investment property in Newport, 3015 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 14.74%.

While Newport,3015 ranked number 241th in VIC for increase in median house value (annualised) increase, it is ranked 191th over the last 5 years.

At number 37th of VIC’s most discounted properties, Newport is in the bottom 20% of the state/territory when listing in order of most discounted to least.

A $500 per week rent on the median house gives suburb investors a gross yield of circa 3.61%, without taking into account capital value appreciation, which has been averaging out at 3.74%.

Metrics i HOUSE UNIT
$1,053,900 $720,000
1.02% 0.00%
8.09% 14.74%
6.04% 3.74%
$560 $500
182 44
2.76% 3.61%
72.0232558139535 94.7714285714286

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

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 11987
Median household income ($/weekly) 1719
Median age of persons 36
Median housing loan repayment ($/monthly) 2167
Average household size 2.5
  • Census Count Percent(%)
    0-4 years 1096 9.1
    5-14 years 1362 11.4
    25-34 years 1794 15.0
    35-44 years 2344 19.6
    45-54 years 1804 15.0
    Others 3587 29.9
    Age Group
    Census Count Percent(%)
    Registered Married 4070 47.2
    Not Married 3465 40.2
    Defacto Relationship 1091 12.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 8587 76.0
    Hong Kong 166 1.5
    Papua New Guinea 270 2.4
    United Kingdom 539 4.8
    Other 364 3.2
    Others 1377 12.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 170 1.6
    Christianity 6485 59.5
    Hinduism 113 1.0
    Islam 377 3.5
    No Religion 3666 33.6
    Others 96 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 296 7.5
    $1,500-$1,999 491 12.4
    $2,000-$2,499 397 10.0
    $2,500-$2,999 525 13.3
    $3,000-$3,499 336 8.5
    Others 1917 48.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4120 46.0
    Not in the labour force 2491 27.8
    Employed, worked part-time 1683 18.8
    Employed, away from work 399 4.5
    Unemployed, looking for work 263 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 996 16.1
    Professionals 1951 31.5
    Technicians & trades workers 711 11.5
    Community & personal service workers 502 8.1
    Clerical & administrative workers 932 15.0
    Others 1110 17.9
    Occupation
    Census Count Percent(%)
    Pre-school 296 11.0
    Infants/Primary 870 32.2
    Secondary 670 24.8
    Technical or Further Educational Institution 204 7.5
    University or other Tertiary Institutions 580 21.5
    Others 83 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8206 74.0
    Semi-detached, row or terrace house, townhouse 2253 20.3
    Flat, unit or apartment 574 5.2
    House or flat attached to a shop, office 59 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1797 41.4
    Fully owned 1330 30.6
    Rented 1196 27.6
    Other tenure type 18 0.4
    Tenure Type
Census 2011, ABS
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