Suburb Profile Report for Newcomb VIC (3219)

Newcomb House: Median price $444,500, Annual capital growth 6.91%, Number of sales 76, Weekly median advertised rent $350

Newcomb Unit: Median price $377,500, Annual capital growth 5.29%, Number of sales 20, Weekly median advertised rent $320

  • 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.

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At number 2648th in the list of Australian suburbs ordered by increase in median house value over the last year, Newcomb, 3219 is in the BOTTOM 40% with a property value increase of -2.31% recorded in median house prices.

Newcomb,3219 has offered an average of -2.31% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Newcomb is offering property investors an average of -6.51. This rate of discount on properties puts Suburb at number 240th in terms of most discounted suburbs in VIC

Newcomb, 3219’s gross rental yield is 4.09%

Newcomb is an average performer in VIC when comparing median price capital growth over the last year. Newcomb gave property investors a average capital gain figure when compared to the rest of the state, with 5.74%.

While Newcomb,3219 ranked number 164th in VIC for increase in median house value (annualised) increase, it is ranked 35th over the last 5 years.

Information supplied by:


April 2019

M
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Consistent long-term growth in Geelong suburb

Postcode:

Median house price: $453,500

Three-year growth: 56.4%

Rental yield: 3.8%

A highly accessible suburb of the up-and-coming Geelong district, Newcomb is home to a collection of mid-20th century homes. This classic appeal couples with the convenient location to inspire demand.

The reasonable house prices in this suburb have been attracting buyers, with the median value coming to a little more than $450,000. It has also displayed long-term potential, with an average annual growth rate of 8.3% as of February 2019.

Geelong is only a quick drive away, but Newcomb maintains its tranquillity. Schools and sports facilities pepper the streets, while the beach is only 15 minutes away. There are two shopping centres in the suburb, namely, Newcomb Central and Bellarine Village. Thus, the suburb is in demand especially with young families and retirees who want the quiet life while still being close to amenities.

Metrics i HOUSE UNIT
$444,500 $377,500
0.45% 1.34%
-2.31% 5.74%
6.91% 5.29%
$350 $320
76 20
4.09% 4.41%
54.1186440677966 41.6875

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 : Very good (H), Very good (U)
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Demographics
Total population 4519
Median household income ($/weekly) 772
Median age of persons 43
Median housing loan repayment ($/monthly) 1300
Average household size 2.1
  • Census Count Percent(%)
    25-34 years 581 12.9
    35-44 years 508 11.2
    45-54 years 641 14.2
    55-64 years 524 11.6
    65-74 years 481 10.6
    Others 1784 39.5
    Age Group
    Census Count Percent(%)
    Not Married 1825 52.0
    Registered Married 1328 37.8
    Defacto Relationship 359 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3561 82.6
    Japan 64 1.5
    New Zealand 51 1.2
    United Kingdom 263 6.1
    Other 91 2.1
    Others 283 6.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 47 1.2
    Christianity 2842 70.0
    Islam 17 0.4
    Other Religious Groups 17 0.4
    No Religion 1130 27.8
    Others 9 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 248 13.8
    $400-$599 309 17.2
    $600-$799 254 14.1
    $800-$999 213 11.8
    $1,500-$1,999 177 9.8
    Others 600 33.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1643 44.9
    Employed, worked full-time 1129 30.9
    Employed, worked part-time 647 17.7
    Unemployed, looking for work 124 3.4
    Employed, away from work 116 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 215 11.4
    Technicians & trades workers 342 18.1
    Community & personal service workers 264 13.9
    Clerical & administrative workers 212 11.2
    Labourers 312 16.5
    Others 549 29.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 263 30.6
    Secondary 251 29.2
    Technical or Further Educational Institution 131 15.3
    University or other Tertiary Institutions 122 14.2
    Other type of educational institution 47 5.5
    Others 45 5.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3699 87.1
    Flat, unit or apartment 315 7.4
    Semi-detached, row or terrace house, townhouse 232 5.5
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 748 38.9
    Rented 617 32.1
    Being purchased 553 28.7
    Other tenure type 7 0.4
    Tenure Type
Census 2011, ABS
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