Newport

POSTAL CODE: NSW, 2106

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a -4.74% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $2,965,000

The augmented property values in the suburb are trailing above the territorial average of 5.34% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $1250.

Home owners selling their properties and realtors in NEWPORT usually have to wait an average of 114 days days before their assets are lifted off the market.

The NSW suburb ranks 978th on the list of best yielding suburbs for rental properties in NSW, posting a 2.19% return.

It also places places th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 0.83% over the last 12 months in NEWPORT, translating to lower returns compared with its peers in NSW.

A survey of average capital gains or median home price increase in suburbs across the country shows that NEWPORT, 2106 obtained a 6.94% growth over a ten-year period. It ranks 509th on our list of suburbs that property investors should look into.

NEWPORT, 2106 has a capital gain of 0.83% for the past year, which is lower than average compared to its 27.67% growth within a five-year period.

With the median home price in NEWPORT sitting at $1,278,000, and the average rent at $850, property owners could potentially earn a 3.46% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in NEWPORT are low, as opposed to average gains per annum over the past five years.

NEWPORT, 2106 in NSW belongs to the local government area of Northern Beaches.

Surburb overview

Newport is a picturesque coastal suburb located approximately 31 kilometres north of Sydney's central business district, within the Northern Beaches Council area. Bilgola Plateau borders it to the north, Mona Vale to the south, and the Tasman Sea to the east.

As per the 2021 Census, Newport had a population of 9,659 residents. The predominant age group is between 50 and 59 years. Households are primarily composed of couples with children, and a significant portion of residents are engaged in professional occupations.

Newport's real estate market offers a diverse range of housing options, including freestanding homes, townhouses, and apartments. The median property price for houses is approximately $2.6 million, while the median price for units is around $1.3 million. Rental yields are about 2.63% for houses and 3.29% for units.

Newport offers a vibrant lifestyle with a range of amenities. The suburb boasts a vibrant commercial and retail hub, featuring a diverse range of shops, cafes, and restaurants. Recreational facilities include Newport Beach, known for its surf-friendly waves, and Newport Oval, which hosts cricket, rugby, and touch football matches.

The Newport Community Centre, located at 11-13 The Boulevard, serves as a venue for various community events and activities.

Educational facilities in Newport include Newport Public School, catering to primary-level students. Secondary education options are available in nearby suburbs, with several public and private schools accessible within a short driving distance.

Bus routes primarily service public transportation in Newport, connecting the suburb to surrounding areas and the Sydney central business district (CBD). The B-Line bus service offers frequent and direct connections to Wynyard Station in the city centre.

In addition to Newport Beach, the suburb is home to Bungan Beach, a quieter alternative known for its natural beauty and surf conditions. Bungan Headland offers scenic walking trails and panoramic views of the coastline.

Newport's combination of coastal charm, community amenities, and natural attractions makes it a desirable location for both residents and visitors seeking a balanced lifestyle.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$2,965,000	$1,278,000
Growth Report
Median Quarterly	0%	1.43%
Median 12 month	10.84%	0.83%
Median 3 years	-4.74%	18.33%
Median 5 years	42.89%	27.67%
10 years average annual	8.5%	6.94%
Weekly media advert. rent	$1,250	$850
Time on Market	114 days	47.4 days
Gross Rental Yield Percent	2.19%	3.46%

Demographics (Median Values)*

Total Population 9301

Weekly Household Income 2066

Household Size 2.70

Average Age 43

Monthly Loan Repayment 2700

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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