Fraud Blocker

Newcomb, VIC 3219

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 Newcomb, VIC 3219 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Newcomb, VIC 3219”

  1. The total adult population (15 years or older) of Newcomb 3219 VIC is 4,064, with a median age of 40. Of those, 32.11% are married, 15.35% are divorced or separated, 45.15% are single and 7.26% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,944. The median monthly mortgage repayment for households in this suburb is $1,400 which is 23.55% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Victoria, Newcomb 3219 is home to an estimated 2,636 households. It is an interesting suburb to consider for property market investors and buyer agents due to its diverse characteristics.

    In terms of essential metrics, the typical price for houses in Newcomb 3219, as of Q3 2023, stands at $571,522. With a median weekly rent pegged at $412, it produces an indicative yield of 3.75%. This meets the essential market requirement of a 3% yield, thus making the suburb increasingly attractive to cash flow-focused property investors.

    On the socio-economic front, Newcomb’s IRSAD score is 901 out of a possible 1,217. This indicates a relatively favourable socio-economic status for the population in the suburb. However, potential investors must consider the higher renter to owner ratio of 41%. While this is above the preferred 30% ratio, it is at the lower end of the more questionable range, suggesting a balanced mix of owner-occupiers and tenants.

    In terms of housing composition, Newcomb evidently fosters a stronger appeal towards houses with a favourable units to houses ratio of 17%. This infers a lower excess rental competition for landlords and suggests a likelihood of maintaining relatively high rental yields.

    However, potential buyers should weigh in the affordability index wherein Newcomb is at 38 years— exceeding the favourable 31-year period. Hence, the suburb might pose higher difficulties for residents to fully own a property in the standard 30-year mortgage period.

    Supply metrics present a mixed scenario. The stock on market Percentage for houses is at a comfortable 0.5%, indicating a low supply scenario that is considered favourable. Contrastingly, the inventory level at 1.33 months denotes a swift market, signifying a potential for high turnover of properties.

    In Q3 of 2023, the building approvals Ratio for houses in Newcomb 3219 is at a low favourable of 0.11%, indicating restrained addition of new dwelling stock. Simultaneously, properties are spending an average of 36 days on the market, demonstrating a relatively high demand.

    Further, the suburb’s vacancy rate, which includes both houses and units, is 1.74%. Falling within the neutral range, it denotes a balanced demand-supply equilibrium. Lastly, with the buy search index for houses at 4, it suggest a neutral demand among prospective buyers, presenting potential opportunities for investors.

    Overall, while some metrics fall into less favourable ranges, most of the key metrics including the yield, socio-economic score, renter to owner ratio, and units to houses ratio are favourable, suggesting that Newcomb 3219 is a suburb worth considering for property investment in Q3 2023. This analysis is greatly aided by the RCS (Relative Composite Score) developed by HtAG Analytics, automating the research process with over 80 key 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.

Leave a comment