Suburb Profile Report for Newborough VIC (3825)

Newborough House: Median price $267,000, Annual capital growth 4.53%, Number of sales 126, Weekly median advertised rent $285

Newborough Unit: Median price $218,600, Annual capital growth 3.22%, Number of sales 11, Weekly median advertised rent $148

  • 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

Newborough, 3825 ranked 42th in VIC when comparing growth in median property values or capital gain over the last 12 months. Newborough 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 Newborough has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Newborough is offering property investors an average of -6.90. This rate of discount on properties puts Suburb at number 575th in terms of most discounted suburbs in VIC

The VIC suburb of Newborough, 3825 is in the Latrobe (C) (Vic.) local government area.

Investment property in Newborough has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 49.47%

Taking the average capital gain, or increase in median house value, Newborough,3825 has racked up an average of 49.47% over the period. This ranks it number 95th in the whole country for real estate investors looking at median house price increases.

Residents and property investors in Newborough have been waiting around 62.5 days to sell a property.

Renters in Suburb are facing rents around $7670 per annum or $147.5 every week.

Metrics i HOUSE UNIT
$267,000 $218,600
7.66% 7.16%
16.09% 49.47%
4.53% 3.22%
$285 $148
126 11
5.55% 3.51%
53.3203883495146 62.5

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), 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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