Suburb Profile Report for Newborough VIC (3825)

Newborough House: Median price $254,500, Annual capital growth 3.97%, Number of sales 144, Weekly median advertised rent $290

Newborough Unit: Median price $209,500, Annual capital growth 11.56%, Number of sales 12, Weekly median advertised rent $145

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Newborough is in the TOP 30% in VIC when comparing median price capital growth over the last year. Newborough gave property investors a good capital gain figure when compared to the rest of the state, with 6.04%.

When looking at the potential capital gains offered to property investors over the last 3 years, Newborough comes in at number 400th in VIC.

Property investors looking for a bargain in Newborough should be aiming for at least -3.81% off the asking price, which is the average vendor discount being achieved at the moment.

If you compare the increase in value of investment property in Newborough, 3825 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 36.82%.

If we look at median property appreciation over just the last three months, Newborough has given property investors a paper return of -4.16%. This puts Suburb as 326 on a list of fastest fasting appreciating suburbs in VIC

At number 188th of VIC’s most discounted properties, Newborough is in the TOP 30% of the state/territory when listing in order of most discounted to least.

Newborough is 272th on a list of best yielding suburbs for rents in VIC with a 3.60% return

Metrics i HOUSE UNIT
$254,500 $209,500
-4.86% -4.16%
6.04% 36.82%
3.97% 11.56%
$290 $145
144 12
5.93% 3.60%
56.0169491525424 57.8181818181818

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (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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