Suburb Profile Report for Newlands Arm VIC (3875)

Newlands Arm House: Median price $475,000, Annual capital growth 6.52%, Number of sales 15, Weekly median advertised rent N/A

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

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

  • House Report

Newlands Arm is in the TOP 10% in VIC when comparing median price capital growth over the last year. Newlands Arm gave property investors a very good capital gain figure when compared to the rest of the state, with 35.71%.

Newlands Arm,3875 has offered an average of 35.71% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Newlands Arm should be aiming for at least -4.22% off the asking price, which is the average vendor discount being achieved at the moment.

At number 3215 in a list of fastest selling suburbs, Newlands Arm is in the bottom 20% of suburbs in Australia with an average of days on market 114.923 for properties listed there.

The VIC suburb of Newlands Arm, 3875 is in the East Gippsland (S) local government area.

Metrics i HOUSE UNIT
$475,000 N/A
10.34% N/A
35.71% N/A
6.52% N/A
N/A N/A
15 N/A
N/A N/A
114.923076923077 N/A

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

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 502
Median household income ($/weekly) 868
Median age of persons 59
Median housing loan repayment ($/monthly) 1200
Average household size 2.2
  • Census Count Percent(%)
    35-44 years 49 9.8
    45-54 years 64 12.8
    55-64 years 98 19.6
    65-74 years 139 27.7
    75-84 years 44 8.8
    Others 107 21.4
    Age Group
    Census Count Percent(%)
    Registered Married 282 70.9
    Not Married 94 23.6
    Defacto Relationship 22 5.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 367 76.0
    Greece 7 1.4
    New Zealand 8 1.7
    United Kingdom 81 16.8
    Other 6 1.2
    Others 14 2.9
    Country of Birth
    Census Count Percent(%)
    Christianity 291 66.3
    No Religion 142 32.3
    Buddhism 6 1.4
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 31 16.3
    $600-$799 33 17.4
    $800-$999 25 13.2
    $1,000-$1,249 19 10.0
    $1,250-$1,499 22 11.6
    Others 60 31.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 260 59.1
    Employed, worked full-time 94 21.4
    Employed, worked part-time 67 15.2
    Unemployed, looking for work 10 2.3
    Employed, away from work 9 2.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 29 17.1
    Technicians & trades workers 32 18.8
    Community & personal service workers 27 15.9
    Clerical & administrative workers 21 12.4
    Labourers 27 15.9
    Others 34 20.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 28 36.8
    Secondary 22 28.9
    Technical or Further Educational Institution 17 22.4
    Other type of educational institution 6 7.9
    Pre-school 3 3.9
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 457 100.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 129 63.9
    Being purchased 55 27.2
    Rented 15 7.4
    Other tenure type 3 1.5
    Tenure Type
Census 2011, ABS
Chart Table