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Newport, VIC 3015

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 Newport, VIC 3015 located in Melbourne 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 “Newport, VIC 3015”

  1. The total adult population (15 years or older) of Newport 3015 VIC is 10,680, with a median age of 38. Of those, 46.70% are married, 10.33% are divorced or separated, 39.00% are single and 4.04% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $13,072. The median monthly mortgage repayment for households in this suburb is $2,507 which is 19.18% of their earnings.

    Source: ABS Census Data (2021)

  2. The picturesque suburb of Newport 3015 is nestled in the diverse state of Victoria and is home to an estimated 6131 households. Throughout Q3 of 2023, the property market in Newport 3015 presented houses averaging at $1,203,015 in price. With the weekly rent standing at $608, this configuration generates an indicative yield of 2.63%.

    Newport 3015 stands confidently amongst suburbs sporting a solid socio-economic reputation, with an IRSAD score of 1107 out of 1217. This suggests a well-situated populace with solid access to economic resources, generally higher income and improved access to skilled professions.

    The renter to owner ratio in Newport 3015 is stable, recorded at 28%, which is within the favourable levels, suggesting a balanced market that is not over-saturated with rental properties and offers potential for reasonable returns.

    Its units to houses ratio, at a mere 11%, sings a favourable tune for property investment, signaling a healthier competition among landlords for tenants. This ratio suggests that the property market in this suburb leans towards houses, which generally attract more stable tenants such as families.

    However, Newport grapples with an affordability index of 36 years for its houses, indicating a relatively higher duration to fully own a property – a hitch for potential investors. That being said, the suburb houses have an enticingly low stock on market Percentage at 0.12% and a remarkably swift inventory turnover chalked at 0.39 months – hallmarks of an encouragingly low supply.

    With a building approvals Ratio for houses standing at 0.49%, the supply of new dwelling stock in the market is quite favourable. The properties don’t stay long on the stage either, with an average tenure of 41 Days on Market, indicating a reasonably high demand.

    Its Vacancy Rate, which observes both housing types, fell at a comfortable 1.43%, suggesting high demand and potential for rewarding rental income. Additionally, a buy search index of 5 tells a tale of decent interest among potential buyers in this suburb market.

    Despite one or two less than ideal indicators, Newport’s property market generally possesses a promising outlook. This highlights the necessity of a comprehensive understanding of property market data. Staying attuned to real estate data and market trends is key to reaping benefits in the real estate sector. Furthermore, it is indispensable to remember that it’s ok to have some metrics in unfavourable ranges if the majority of others are promising. The RCS (Relative Composite Score) metric, developed by HtAG Analytics, is a vital instrument when navigating these waters, as it employs over 80 metrics to simplify your forecasting needs.

    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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