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Newtown, VIC 3220

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 Newtown, VIC 3220 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™

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Capital Growth RCS™

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Cashflow RCS™

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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 “Newtown, VIC 3220”

  1. The total adult population (15 years or older) of Newtown 3220 VIC is 8,441, with a median age of 40. Of those, 50.35% are married, 10.50% are divorced or separated, 34.84% are single and 4.34% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $11,444. The median monthly mortgage repayment for households in this suburb is $2,167 which is 18.94% of their earnings.

    Source: ABS Census Data (2021)

  2. Settled in the heart of Victoria, the vibrant suburb of Newtown 3220 is comprised of approximately 5360 households giving it plenty of local charm. As the third quarter of 2023 unfolds, the typical housing prices in NEWTOWN 3220 steadily sit at around $1,054,256, complemented by a median weekly rent of $535. This confluence of figures generates an indicative yield of 2.64%, making it an enticing prospect for property investors seeking stable returns in markets with yield above 3%.

    What makes Newtown stand out is its impressive IRSAD score, coming in at 1081 out of a maximum 1217, which signifies a thriving socio-economic environment with good access to job markets and solid earning potential. Moreover, with a renter to owner ratio of just 28%, the region leans more towards long-term residential ownership rather than short-term rentals, a desirable scenario in any property investment landscape.

    Looking at the make-up of the local property market, Newtown 3220 boasts a favourable units to houses ratio of 13%, endeavouring a less competitive rental market thanks to a dominant preference for houses cover apartments and units. Tuning into the Affordability Index, it teeters to a slightly less desirable side with 36 years required to fully own a property, reinforcing the high-value nature of the area.

    Exploring the supply side of the equation, houses in the suburb have a stock on market Percentage of a small 0.25%, highlighting a low-supply, high-demand market dynamic that could make for promising investment conditions. Backing this up even further, the inventory level for houses is remarkably low at 0.88 months, construing a market that’s quick to absorb new listings.

    Westwardly, the building approvals Ratio also reflects a limited supply scenario with a score of just 0.63%, a lower tier percentage that reduces the risk of saturation from new housing stock. Demand wise, Newtown sees houses spending an average of 53 days on the market and holds a balanced combined vacancy rate for houses and units at 2.23%. Coupled with a solid buy search index for houses at 5, it seems that despite the slightly slackened indicative yield, Newtown 3220 has a wealth of characteristics that could be of substantial interest to potential property investors and buyers agents.

    As with any property investment venture, understanding how this data influences the market from an investment standpoint is crucial for making informed decisions. Performance metrics and broader market trends can influence how well a potential investment may fare, which is why keeping on top of this data is of utmost importance. Employing tools like the RCS metric from HtAG Analytics can give investors the advantage of a comprehensive analysis of over 80 metrics, helping to simplify the research process and provide clearer investment direction.

    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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