Suburb Profile Report for Newtown VIC (3220)

Newtown House: Median price $808,000, Annual capital growth 6.42%, Number of sales 139, Weekly median advertised rent $440

Newtown Unit: Median price $580,000, Annual capital growth 7.69%, Number of sales 49, Weekly median advertised rent $345

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Newtown, 3220 ranked 274th 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

Across a shorter period, Newtown, 3220 has seen a median price increase of -0.09% over the last quarter.

Vendor discounting in Newtown is giving property investors an average Vendor Discount of around -7.28%. This puts suburb at number 229th in VIC when ranking the most discounted suburbs.

Residents and property investors in Newtown have been waiting around 53.5833 days to sell a property.

Using the current median advertised rental of $440 and the average annual increase in value of a median property of 6.42%, investors should hope to achieve an overall return of 2.83%

VIC has seen average median house prices change by 0.68% which means that Newtown, 3220 has done well for property investors by showing a capital gain of 43.74% over the last year

The five-year average increase in median property values for Newtown,3220 has given property investors a potential capital gain of 87.10% across each of those five years.

Our latest figures would indicate that property sellers in Newtown are currently offering property investors an average price cut of -6.62% below the asking price at the moment.

With the median price for a house in Newtown being $580000 and the advertised rent reaching $345 the gross rental yield for property investors calculates out to be 3.09%

Metrics i HOUSE UNIT
$808,000 $580,000
-0.09% -1.53%
-0.25% 43.74%
6.42% 7.69%
$440 $345
139 49
2.83% 3.09%
53.5833333333333 49.4722222222222

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), 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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