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Newport
AREA REPORTS

Newport

Newport - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2106

house
unit

A 51.45% increase in median property prices in NEWPORT, 2106 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 65th.

A steady increase in median property prices over a five-year period in the suburb translates to a 75.5% 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 $3,216,000

The augmented property values in the suburb are trailing above the territorial average of 23.63% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $1100.

Home owners selling their properties and realtors in NEWPORT usually have to wait an average of 55.9 days days before their assets are lifted off the market.

The NSW suburb ranks 1012th on the list of best yielding suburbs for rental properties in NSW, posting a 1.78% return.

It also places places 778th in Australia based on median property value growth during the quarter.

Data report can be found below

Newport
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $3,216,000 $1,225,000
GROWTH REPORT
Median Quarterly 5.44% 1.24%
Median 12 month 51.45% 25%
Median 3 years 75.5% 41.62%
Median 5 years 83.77% 49.03%
10 years average annual 12.38% 9.5%
Weekly media advert. rent $1100 $597.5
Time on Market 55.9 days 33.1 days
Gross Rental Yield Percent 1.78% 2.54%
demographics (median values)*
Total Population
9301
Weekly Household Income
2066
Household Size
2.70
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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