Suburb Profile Report for Newtown VIC (3220)

Newtown House: Median price $960,000, Annual capital growth 5.57%, Number of sales 203, Weekly median advertised rent $450

Newtown Unit: Median price $562,500, Annual capital growth 6.38%, Number of sales 51, Weekly median advertised rent $350

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

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

  • House Report
  • Unit Report

Newtown, 3220 ranked 475th 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

When looking at the potential capital gains offered to property investors over the last 3 years, Newtown comes in at number 303th in VIC.

LACK OF BUYER INTEREST may well be the reason that Newtown is offering property investors an average of -4.25. This rate of discount on properties puts Suburb at number 25th in terms of most discounted suburbs in VIC

With the median price for a house in Newtown being $960000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 2.44%

Property value increases in Newtown have tracked higher than the VIC average of 6.20% over the last 12 months.

Taking the average capital gain, or increase in median house value, Newtown,3220 has racked up an average of 12.50% over the period. This ranks it number 91th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Newtown is $562500, with sellers offering an average of -4.02% off the asking price.

Property investors should expect to get $350 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$960,000 $562,500
2.40% 7.35%
7.26% 12.50%
5.57% 6.38%
$450 $350
203 51
2.44% 3.24%
71.7591240875913 63.95

Source: Monthly data update for Jul 2021 as supplied by CoreLogic. Data is reported to the period ending Apr 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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