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Newhaven, VIC 3925

Home » VIC Real Estate Data » Bass Coast Shire, VIC » Newhaven, VIC 3925

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Newhaven, VIC 3925 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Newhaven, VIC 3925”

  1. The total adult population (15 years or older) of Newhaven 3925 VIC is 488, with a median age of 59. Of those, 57.58% are married, 14.14% are divorced or separated, 22.54% are single and 6.97% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $6,796. The median monthly mortgage repayment for households in this suburb is $1,497 which is 22.03% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the state of Victoria, NEWHAVEN 3925 is a residential hub that caters to an estimated 432 households. Continuing to Q3 of 2023, our in-depth analysis of key property market data unveils insightful statistics for this thriving suburb.

    An investor’s eye will be on the typical house prices in NEWHAVEN, which are currently valued at $987,726. Pair this with a median weekly rent of $408 and you get an indicative yield of 2.15%, slightly lower than the minimum 3% market requirement. This could signal a cash flow concern for property investors primarily centred on income generation.

    When it comes to socio-economic factors, NEWHAVEN features an IRSAD score of 1002 out of 1217. Indicative of a good socio-economic status, this suggests that the residents have higher access to economic resources and likely hold skilled professions.

    Renters make up about 15% of NEWHAVEN’s demographic, which is beneficial for establishing a stable tenant base, reducing the competition among landlords, and maintaining potentially higher rental yields. The area is primarily dominated by houses, with a low units-to-houses ratio of 8%, which generally signals an appeal for family-oriented tenants and longer tenancy periods.

    With an affordability index of 57 years for houses, it implies that owning a property could be a prolonged endeavour for residents, potentially raising affordability concerns. This exceeds the standard 30-year mortgage assumption and could indicate a high typical property price and/or possibly lower median family income in the area.

    In terms of supply, NEWHAVEN has a stock on market percentage of 1.41% and an inventory level for houses that stands at 8.57 months. These figures move towards the higher end of the spectrum, indicating an excess supply that may slow potential capital gains.

    Additionally, a building approvals ratio of 2.83% suggests an increased incoming supply, which could add pressure to the existing inventory level and further cool the property market. The average number of days houses stay listed on the market is 45, implying a relatively balanced demand.

    A promising vacancy rate of 1.52% implies a strong demand for housing as low vacancies can force renters to pay higher prices. Combined with a buy search index of 5, which is on par with the state or city average, we see a neutral demand for houses in NEWHAVEN.

    As an aspiring property investor, these insights can help guide your investment decisions. However, a careful analysis of the comprehensive market overview is paramount. While some metrics are looking less favourable, if the majority of the indicators lean towards the positive side and the market trends, as seen in the dashboard, are favourable, NEWHAVEN may still provide feasible investment opportunities. Keep in mind, the Relative Composite Score (RCS) developed by HtAG Analytics can automate these analyses, offering an overall score using more than 80 critical metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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