VIC/
Newtown

Suburb Profile

Newtown - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3220

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unit

The VIC suburb 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 $780,475

Profits averaged 4.54% per annum over a 3-year period, due to an upward trend in home prices in NEWTOWN, 3220.

This means, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.

The gross rental yield in NEWTOWN, 3220 is 2.67%.

An average of 18.58 real estate transactions take place per month in NEWTOWN which translates to 223 per annum.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $780,475 $420,000
GROWTH REPORT
Median Quarterly N/A 1.2%
Median 12 month 3.37% 3.7%
Median 3 years 13.61% 18.81%
Median 5 years 22.91% 20%
10 years average annual 3.58% 6.48%
Weekly media advert. rent $400 $315
Time on Market 68.0 days 68.4 days
Gross Rental Yield Percent 2.67% 3.9%
demographics (median values)
Total Population
9577
Weekly Household Income
1060
Household Size
2.40
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Newtown, VIC
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