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Newman
AREA REPORTS

Newman

Newman - SUBURB PROFILE REPORT
POSTAL CODE: WA, 6753

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A 33.33% increase in median property prices in NEWMAN, 6753 has allowed this suburb to join the ranks of best performing suburbs in WA, settling at number 33rd.

A steady increase in median property prices over a five-year period in the suburb translates to a 96.72% capital gain.

It 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 $300,000

The augmented property values in the suburb are trailing above the territorial average of 12.68% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $550.

Home owners selling their properties and realtors in NEWMAN usually have to wait an average of 59.0 days days before their assets are lifted off the market.

The WA suburb ranks 8th on the list of best yielding suburbs for rental properties in WA, posting a 9.53% return.

It also places places 263rd in Australia based on median property value growth during the quarter.

Data report can be found below

Newman
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $300,000 N/A
GROWTH REPORT
Median Quarterly 3.09% N/A
Median 12 month 33.33% N/A
Median 3 years 96.72% N/A
Median 5 years 43.88% N/A
10 years average annual -2.91% N/A
Weekly media advert. rent $550 N/A
Time on Market 59.0 days N/A
Gross Rental Yield Percent 9.53% N/A
demographics (median values)*
Total Population
7238
Weekly Household Income
2502
Household Size
2.90
Age
33
Monthly Loan Repayment
433
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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