Thinking about buying in Newtown? Now could not be a better time, with 6273 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,371,000 with prices in this suburb ranging from $254,000 to $8,867,000. Newtown is located fairly close to the coast at just 0Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $372.64 |
Median Monthly Mortgage | $2048.64 |
Median Persons Per Bedroom | 0.78 |
Average Household Size | 2.48 |
Average Age | 40.23 |
Average Income | $1000.41 |
Average Cars Per Dwelling | 1.74 |
Average Properties Within 50M | 16 |
1 Bed  $1,153,000 |
2 Bed  $1,101,000 |
3 Bed  $1,333,000 |
4 Bed  $1,767,000 |
5 Bed  $2,661,000 |
6 Bed+$2,870,000 |
Consistent high demand relative to supply is a key feature in Newtown driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Newtown ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Newtown provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Newtown necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Newtown we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Newtown a better buying opportunity than it may have been in the past.
79 BUCKINGHAM RD, NEWTOWN, VIC, 3220 | 3 | 1 | 4 | $859,000 - $889,000 |
Chilwell Primary School
Newtown Primary School
Fyans Park Primary School
Sacred Heart College
St Joseph's College Geelong
St Robert's School
The Geelong College
St John's Lutheran School Geelong
Matthew Flinders Girls Secondary College
Holy Spirit Parish School
(While the above schools are located with the suburb of Newtown there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.1 | 14.5 | 26.1 | 43.4 | 89.3 | 4.0 | 24.4 |
Feb | 0.9 | 14.4 | 25.8 | 44.7 | 91.2 | 3.6 | 20.1 |
Mar | 1.0 | 13.9 | 24.2 | 47.9 | 92.5 | 3.4 | 14.7 |
Apr | 1.4 | 10.8 | 21.7 | 47.8 | 93.1 | 2.8 | 11.2 |
May | 1.9 | 8.1 | 17.5 | 56.0 | 93.2 | 3.1 | 7.9 |
Jun | 1.7 | 6.3 | 14.5 | 66.2 | 95.2 | 2.8 | 6.6 |
Jul | 1.5 | 6.6 | 14.5 | 61.2 | 93.3 | 3.6 | 7.6 |
Aug | 1.7 | 6.3 | 14.9 | 57.1 | 93.8 | 3.6 | 10.0 |
Sept | 1.8 | 7.8 | 17.8 | 50.8 | 93 | 3.7 | 14.4 |
Oct | 1.4 | 9.2 | 19.9 | 46.7 | 92.7 | 3.8 | 18.3 |
Nov | 1.3 | 10.8 | 21.9 | 46.4 | 92.7 | 3.7 | 22.3 |
Dec | 1.2 | 12.7 | 24.5 | 44.3 | 91.2 | 3.8 | 25.1 |
source: Australian Government Bureau of Meteorology
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