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Newtown
AREA REPORTS

Newtown

Newtown - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3220

house
unit

Property investors have seen a -1.58% drop in NEWTOWN based on a decrease 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 $935,000

Profits averaged 6.58% 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 $450 based on current median home prices for the suburb.

The gross rental yield in NEWTOWN, 3220 is 2.5%.

An average of 15.08 real estate transactions take place per month in NEWTOWN which translates to 181 per annum.

Data report can be found below

Newtown
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $935,000 $545,000
GROWTH REPORT
Median Quarterly -1.58% 13.36%
Median 12 month 4.47% 4.21%
Median 3 years 19.73% 32.93%
Median 5 years 46.09% 43.42%
10 years average annual 5.38% 5.95%
Weekly media advert. rent $450 $350
Time on Market 68.9 days 66.9 days
Gross Rental Yield Percent 2.5% 3.34%
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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