Newman

POSTAL CODE: WA, 6753

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 21.97% 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 $402,500

The augmented property values in the suburb are trailing behind the territorial average of 18.68% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $800.

Home owners selling their properties and realtors in NEWMAN usually have to wait an average of 47.1 days days before their assets are lifted off the market.

The WA suburb ranks 6th on the list of best yielding suburbs for rental properties in WA, posting a 10.34% return.

It also places places 255th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 10.65% over the last 12 months in NEWMAN, translating to lower returns compared with its peers in WA.

A survey of average capital gains or median home price increase in suburbs across the country shows that NEWMAN, 6753 obtained a 22.5% growth over a ten-year period. It ranks 1285th on our list of suburbs that property investors should look into.

NEWMAN, 6753 has a capital gain of 10.65% for the past year, which is higher than average compared to its 0% growth within a five-year period.

With the median home price in NEWMAN sitting at $239,000, and the average rent at $650, property owners could potentially earn a N/A increase in gross rental yield.

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

NEWMAN, 6753 in WA belongs to the local government area of East Pilbara.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$402,500	$239,000
Growth Report
Median Quarterly	4.7%	13.81%
Median 12 month	15.16%	10.65%
Median 3 years	21.97%	59.33%
Median 5 years	38.79%	0%
10 years average annual	7.76%	22.5%
Weekly media advert. rent	$800	$650
Time on Market	47.1 days	60.5 days
Gross Rental Yield Percent	10.34%	0%

Demographics (Median Values)*

Total Population 7238

Weekly Household Income 2502

Household Size 2.90

Average 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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