Newtown

POSTAL CODE: VIC, 3220

HOUSE

UNIT

Property investors have seen a 0.23% gain in NEWTOWN based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains NEWTOWN, 3220 saw average growth in the long term.

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 $1,082,500

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

This means, real estate investors could earn a rental income of $572.5 based on current median home prices for the suburb.

The gross rental yield in NEWTOWN, 3220 is 2.75%.

An average of 13.92 real estate transactions take place per month in NEWTOWN which translates to 167 per annum.

Property investments in NEWTOWN did not fare well against the rest of the country last year, registering a median home price decrease of -5.04%.

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

Based on its average 5-year and quarterly capital gains NEWTOWN, 3220 saw average growth in the long term.

This means, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In NEWTOWN, homes and units usually stay on listing for an average of 65.2 days.

the VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $603,000

Investors saw the median home price rise to $603,000.

NEWTOWN ranks 315th on the list of best yielding suburbs for rental properties in VIC, posting a 3.88% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,082,500	$603,000
Growth Report
Median Quarterly	0.23%	-3.52%
Median 12 month	-10.54%	-5.04%
Median 3 years	-9.79%	0.5%
Median 5 years	13.95%	25.43%
10 years average annual	5.39%	6.99%
Weekly media advert. rent	$573	$450
Time on Market	91.6 days	65.2 days
Gross Rental Yield Percent	2.75%	3.88%

Demographics (Median Values)*

Total Population 9577

Weekly Household Income 1060

Household Size 2.40

Average Age 38

Monthly Loan Repayment 1300

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

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