Suburb Profile Report for Newborough VIC (3825)

Newborough House: Median price $225,875, Annual capital growth 3.68%, Number of sales 128, Weekly median advertised rent $265

Newborough Unit: Median price $147,500, Annual capital growth 9.21%, Number of sales 10, Weekly median advertised rent $170

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

Source: CoreLogic

  • House Report
  • Unit Report

Newborough has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 1.52% to date .

While Newborough,3825 ranked number 637th in VIC for increase in median house value (annualised) increase, it is ranked 605th over the last 5 years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.00% offered to property buyers. Sellers in Newborough itself are offering an average vendor discount of -5.55% to real estate investors.

Renters in Suburb are facing rents around $3180 per annum or $265 every week.

Newborough, 3825 ranked 251th in VIC when comparing growth in median property values or capital gain over the last 12 months. Newborough is one of 2098 in our list for VIC

The five-year average increase in median property values for Newborough,3825 has given property investors a potential capital gain of -13.24% across each of those five years.

In the last year 10 properties changed hands in Newborough, which puts it as the 375th most active market in VIC when comparing the number of sales per suburb.

Situated 123.24km from the CBD, Newborough is one of Latrobe localities in the postcode 3825.

Metrics i HOUSE UNIT
$225,875 $147,500
-1.79% N/A
1.52% 2.61%
3.68% 9.21%
$265 $170
128 10
6.10% 5.99%
104.9 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 6932
Median household income ($/weekly) 883
Median age of persons 41
Median housing loan repayment ($/monthly) 1083
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 857 12.4
    25-34 years 744 10.7
    35-44 years 847 12.2
    45-54 years 906 13.1
    55-64 years 867 12.5
    Others 2712 39.1
    Age Group
    Census Count Percent(%)
    Registered Married 2323 46.9
    Not Married 2185 44.1
    Defacto Relationship 447 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 5624 84.8
    Greece 89 1.3
    New Zealand 98 1.5
    United Kingdom 391 5.9
    Other 116 1.7
    Others 314 4.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 36 0.6
    Christianity 4335 68.7
    Islam 13 0.2
    Other Religious Groups 32 0.5
    No Religion 1892 30.0
    Others 3 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 285 11.9
    $400-$599 356 14.9
    $600-$799 272 11.3
    $800-$999 248 10.3
    $1,500-$1,999 242 10.1
    Others 994 41.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2448 45.1
    Employed, worked full-time 1597 29.4
    Employed, worked part-time 933 17.2
    Unemployed, looking for work 253 4.7
    Employed, away from work 195 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 333 12.2
    Technicians & trades workers 594 21.8
    Clerical & administrative workers 389 14.3
    Sales 312 11.5
    Labourers 323 11.9
    Others 772 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 91 6.4
    Infants/Primary 541 38.1
    Secondary 469 33.0
    Technical or Further Educational Institution 174 12.2
    University or other Tertiary Institutions 108 7.6
    Others 38 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5835 92.6
    Flat, unit or apartment 331 5.3
    Semi-detached, row or terrace house, townhouse 134 2.1
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1032 39.7
    Being purchased 915 35.2
    Rented 624 24.0
    Other tenure type 26 1.0
    Tenure Type
Census 2011, ABS
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