Newborough, VIC 3825: Suburb Profile & Property Report

Market Report

House report
Unit Report

Newborough has 156 houses available for sale. The median property price for a house is currently $440,000 with annual capital growth of 8.37% . There were 125 house sales in the past 12 months. On average, houses spend 68 days on market.

If you're thinking about buying an investment property in Newborough, consider that rental yields for houses are currently 5.04% with an average median rent of $400 weekly. Houses have seen 2.33% growth in the past quarter, and 8.37% growth in the past 12 months.

The size of Newborough is approximately 19.5 square kilometres. It has 27 parks covering nearly 7.8% of total area. The population of Newborough in 2011 was 6,932 people. By 2016 the population was 6,757 showing a population decline of 2.5% in the area during that time. The predominant age group in Newborough is 50-59 years.

Households in Newborough are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newborough work in a trades occupation. In 2011, 72.5% of the homes in Newborough were owner-occupied compared with 69.6% in 2016.

Newborough has 8 units available for sale. The median property price for a unit is currently $330,000 with annual capital growth of 23.13% . There were 9 unit sales in the past 12 months. On average, units spend 22 days on market.

If you're thinking about buying an investment property in Newborough, consider that rental yields for units are currently 5.38% with an average median rent of $250 weekly. Units have seen -4.29% growth in the past quarter, and 23.13% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$440,000	$330,000
Quarterly growth	+2.33%	-4.29%
12-month growth	+8.37%	+23.13%
Average annual growth	+10.47%	+7.14%
Weekly median rent	$400	$250
Gross rental yield	5.04%	5.38%
Number of Sales (12m)	125	9
Avg. Days on Market (12m)	68	22

Jump to Market Trends

Key Demographics	2011	2016
Total population	6,932	6,757
Population change (5y)	+5.30%	-2.50%
Median household income (p/w)	$884	$980
Household income change (5y)	+25.04%	+10.86%
Median age of persons	41	42

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Newborough is $440,000 for houses and $330,000 for units.

The Median Growth in Newborough over the past 12 months is 8.37% for houses and 23.13% for units.

Over the past 12 months there were 125 houses sold and 9 units sold in Newborough. On average, houses spent 68 days on market and units spent 22 days on market.

In the past 12 months up to August 2024 there were 125 houses sold and 9 units sold in Newborough. On average, houses spent 68 days on market and units spent 22 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Newborough is $400 for houses and $250 for units.

The Rental Yield in Newborough is 5.04% for houses and 5.38% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Newborough was 6,757 in 2016, a -2.50% change compared to 2011.

The predominant age group in Newborough is 50-59 years.

The population of Newborough was 6,757 in 2016, a -2.50% change compared to 2011.

The predominant age group in Newborough is 10-19 years.

Most of the population in Newborough were born in Australia.

Most of the population in Newborough report their religion as No Religion.

Most of the population in Newborough report their income range as between $15,000 and $33,000 .

The median household income in Newborough was $980 in 2016, a +10.86% change compared to 2011.

Most of the population in Newborough report their income range as between $15,000 and $31,000 .

The median household income in Newborough was $884 in 2011, a +25.04% change compared to 2006.

Most of the population in Newborough work as Trades.

The chart below demonstrates the various levels of education in Newborough.

Most of the population in Newborough reached a qualification level of Certificate.

2011 2016

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