Suburb Profile Report for Newtown VIC (3220)

Newtown House: Median price $890,000, Annual capital growth 6.58%, Number of sales 160, Weekly median advertised rent $450

Newtown Unit: Median price $523,000, Annual capital growth 6.39%, Number of sales 52, Weekly median advertised rent $360

  • 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

Newtown, 3220 ranked 114th 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

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Newtown has increased when compared to the 5 year average annual rate.

At number 167th of VIC’s most discounted properties, Newtown is in the bottom 40% of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Newtown the average time real estate has been on the market is 75.6705 days.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 2.63%, without taking into account capital value appreciation, which has been averaging out at 6.58%.

At number 229th in the list of Australian suburbs ordered by increase in median house value over the last year, Newtown, 3220 is in the top 20% with a property value increase of 12.17% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Newtown,3220 has racked up an average of 12.17% over the period. This ranks it number 160th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Newtown 3220 should be seeing an average reduction in asking price of around -7.66% . This means that Newtown is holding prices well when compared to other suburbs in VIC.

On average over the past year, suburb has had 4.33 sales per month, which equates to 52 per year.

With the median price for a house in Newtown being $523000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.58%

Metrics i HOUSE UNIT
$890,000 $523,000
8.87% -12.10%
11.01% 12.17%
6.58% 6.39%
$450 $360
160 52
2.63% 3.58%
75.6704545454546 51

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), 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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