Suburb Profile Report for Newman WA (6753)

Newman House: Median price $190,000, Annual capital growth -4.57%, Number of sales 69, Weekly median advertised rent $400

Newman Unit: Median price $99,000, Annual capital growth 52.31%, Number of sales 20, Weekly median advertised rent $313

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

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

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  • House Report
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WA has seen average median house prices change by -2.36% which means that Newman, 6753 has not done well for property investors by showing a capital gain of 31.03% over the last year

Over the longer term, Newman has seen property prices show investors a -11.63% return over the last 3 years. This is an improvement over the last 12 months

Our latest figures would indicate that property sellers in Newman are currently offering property investors an average price cut of -9.66% below the asking price at the moment.

Renters in Suburb are facing rents around $20800 per annum or $400 every week.

If you compare the increase in value of investment property in Newman, 6753 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this WA suburb was 52.31%.

Newman, 6753 is offering WA ‘s 64th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this WA.

With the median price for a house in Newman being $99000 and the advertised rent reaching $312.5 the gross rental yield for property investors calculates out to be 16.41%

George Cook Information supplied by:

George Cook
Crawford Realty

M 0414 756 250
O 08 9175 1155

W www.crawfordrealtynewman.com.au
E george@crawfordrealtynewman.com.au

Selling points: Newman is the principal administration, distribution and supply town for the huge East Pilbara iron ore province. Most of the iron ore majors have mines within 150 kilometres of town.

 Most sought after properties: At present there is so much happening in and around Newman that we have nothing at all available for rent. Under normal circumstances, four-bedroom homes with at least two bathrooms are very popular as rentals and will command in the order of $3,000 per week rent.

 Most common properties: There is a broad cross section of homes, from 40-year-old brick with iron roof, to transportable homes of various vintage and modern four and five-bedroom homes.

 Top amenities: Newman is blessed with many quality sporting venues and clubs for all manner of team sports, through to golf and even clay pigeon shooting. There is a state high school as well as state primary schools. There are also several hotels, most of which offer quality restaurants. The shopping centre offers a substantial choice of cafes, including Chicken Treat and Subway franchises.

 Local industry and business: BHP Billiton is the largest local employer but the other iron ore majors are also present and play their part in supporting the local community.

 Recent changes: The town has grown and diversified considerably in the past 10 years and there are now many more facilities than has been the case in the past.

 Best streets: The town has no elite area as such, nor does it have a bad area. The need for accommodation is so great that anywhere you can buy a property is a good area.

 Public transport: Buses are non-existent but there are a couple of taxis. The nearest large towns are Port Hedland and Meekatharra, both of which are over 400 km from Newman. Tom Price, which is quite a bit smaller than Newman, is about 250 km south.

 Main arteries: The nearest resort area would be Point Samson, a beach area near Karratha that is about 550 km away and Exmouth / Coral Bay, about 700 km away. The roads are quite good but there are a lot of very heavy transport movements and road trains that can sometimes slow down journeys to the coast.

Metrics i HOUSE UNIT
$190,000 $99,000
6.89% 46.67%
31.03% 52.31%
-4.57% 52.31%
$400 $313
69 20
10.95% 16.41%
50.38 25.6

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

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 9086
Median household income ($/weekly) 2827
Median age of persons 32
Median housing loan repayment ($/monthly) 364
Average household size 3
  • Census Count Percent(%)
    5-14 years 917 10.1
    20-24 years 858 9.4
    25-34 years 2340 25.8
    35-44 years 1900 20.9
    45-54 years 1414 15.6
    Others 1658 18.2
    Age Group
    Census Count Percent(%)
    Registered Married 1398 47.9
    Not Married 973 33.3
    Defacto Relationship 548 18.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 5359 73.8
    Papua New Guinea 643 8.9
    Philippines 98 1.4
    United Kingdom 373 5.1
    Other 301 4.1
    Others 483 6.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 132 1.9
    Christianity 4119 60.5
    Islam 51 0.7
    Australian Aboriginal Traditional Religions 91 1.3
    No Religion 2332 34.3
    Others 83 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 130 10.7
    $2,500-$2,999 358 29.6
    $3,000-$3,499 170 14.0
    $3,500 -$3,999 122 10.1
    $4,000 or more 190 15.7
    Others 241 19.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4404 74.1
    Not in the labour force 563 9.5
    Employed, worked part-time 484 8.1
    Employed, away from work 405 6.8
    Unemployed, looking for work 90 1.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 673 12.7
    Technicians & trades workers 1512 28.6
    Clerical & administrative workers 425 8.0
    Machinery operators & drivers 1454 27.5
    Labourers 520 9.8
    Others 702 13.3
    Occupation
    Census Count Percent(%)
    Pre-school 87 7.2
    Infants/Primary 619 51.5
    Secondary 202 16.8
    Technical or Further Educational Institution 137 11.4
    University or other Tertiary Institutions 130 10.8
    Others 28 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3984 92.9
    Flat, unit or apartment 171 4.0
    Semi-detached, row or terrace house, townhouse 128 3.0
    Caravan, cabin, houseboat 3 0.1
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1098 79.6
    Being purchased 196 14.2
    Fully owned 67 4.9
    Other tenure type 19 1.4
    Tenure Type
Census 2011, ABS
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