Suburb Profile Report for Newtown VIC (3220)

Newtown House: Median price $994,750, Annual capital growth 5.69%, Number of sales 202, Weekly median advertised rent $460

Newtown Unit: Median price $591,250, Annual capital growth 7.72%, Number of sales 51, Weekly median advertised rent $355

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Newtown has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.54% to date .

Over the longer term, Newtown has seen property prices show investors a 26.16% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in Newtown are currently offering property investors an average price cut of -7.86% below the asking price at the moment.

Often selling an investment property can take time, and in Newtown the average time real estate has been on the market is 73.8537 days.

Renters in Suburb are facing rents around $23920 per annum or $460 every week.

Newtown, 3220 ranked 21th in VIC when comparing growth in median property values or capital gain over the last 12 months. Newtown is one of 2099 in our list for VIC

Comparing Newtown,3220 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

At number 62th of VIC’s most discounted properties, Newtown is in the bottom 30% of the state/territory when listing in order of most discounted to least.

Using the current median advertised rental of $355 and the average annual increase in value of a median property of 7.72%, investors should hope to achieve an overall return of 3.12%

Metrics i HOUSE UNIT
$994,750 $591,250
6.39% 7.50%
10.54% 25.13%
5.69% 7.72%
$460 $355
202 51
2.40% 3.12%
73.8536585365854 60.7894736842105

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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