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Newtown
AREA REPORTS

Newtown

Newtown - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3220

house
unit

Property investors have seen a 7.66% gain in NEWTOWN based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on NEWTOWN, 3220 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 22.88%.

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 $1,152,000

Profits averaged 14.22% 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 $495 based on current median home prices for the suburb.

The gross rental yield in NEWTOWN, 3220 is 2.23%.

An average of 16.08 real estate transactions take place per month in NEWTOWN which translates to 193 per annum.

Data report can be found below

Newtown
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,152,000 $660,000
GROWTH REPORT
Median Quarterly 7.66% 5.81%
Median 12 month 22.88% 30.82%
Median 3 years 42.66% 64.18%
Median 5 years 60% 59.04%
10 years average annual 8.07% 7.4%
Weekly media advert. rent $495 $370
Time on Market 70.8 days 35.0 days
Gross Rental Yield Percent 2.23% 2.92%
demographics (median values)*
Total Population
9577
Weekly Household Income
1060
Household Size
2.40
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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