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Newman, WA 6753

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 Newman, WA 6753 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 “Newman, WA 6753”

  1. The total adult population (15 years or older) of Newman 6753 WA is 5,209, with a median age of 33. Of those, 39.01% are married, 13.40% are divorced or separated, 46.48% are single and 1.02% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $13,368. The median monthly mortgage repayment for households in this suburb is $1,083 which is 8.10% of their earnings.

    Source: ABS Census Data (2021)

  2. Centrally located in Western Australia, the suburb of Newman 6753 is home to an estimated 3424 households. As we journey into the third quarter of 2023, houses in Newman are typically priced at $378,241 with a median weekly rent of $680. This culminates in a lucrative indicative yield of 9.35%, quite beneficial for cash-flow centred property investors.

    The suburb boosts of a fairly robust IRSAD score of 998 out of 1217, highlighting the relatively higher income levels, skilled occupations and overall socio-economic standard in the area. A point to note for potential investors is the high renter to owner ratio at 76%, signifying a tenant-heavy market that may impact returns over the long term.

    Interestingly, Newman has a units to houses ratio of 18%, a comparatively lower proportion which minimises competition among landlords for attracting tenants, maintaining higher rental yields.

    When we touch upon home affordability, the index stands at 19 years. This represents the time required for homeowners to fully own their property factoring in interest rates, median household income and property prices, and indicates a significant degree of affordability in the area.

    Now to supply side dynamics – the stock on market percentage for houses is at an attractive low of 0.22%, indicating the possibility of a seller’s market. The inventory level stands at a healthy 1.16 months, indicating it’s a fast-moving market with properties not staying listed for long durations. Importantly, the building approvals ratio for houses is nil, suggesting limited new supply entering the market that could put further upward pressure on prices.

    However, one must account for the fact that the average number of days ‘for sale’ listings remain active on the web, commonly known as the days on market (DoM), come to a marginally high 167 days. Vacancy rate, which combines houses and units, is comfortably placed at 1.23%, indicating a strong rental demand.

    The buy search index, which is a measure of online searches, for houses in Newman is currently at 3. While this points towards a neutral demand scenario, it further stresses the importance of keeping a vigilant eye on the market dynamics.

    The real estate story in Newman, like elsewhere, relies heavily on a comprehensive understanding of these property market statistics. The Relative Composite Score (RCS) developed by HtAG Analytics can be an effective tool in this regard, providing a distilled view of the market using more than 80 metrics. Remember, it’s perfectly acceptable for some metrics to be in unfavourable ranges if the majority of the metrics point towards a favourable market scenario.

    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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