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Newport Suburb Insights
VICLocation Information
Suburb Name
Newport, VIC
Distance from CBD
7.5 kmDemographics
Population
9,301
Median Income
$46,852
Area Information
Area
3.81 km²
Population Density
2441 people/km²
Property Market
Median Price
$951,490
Annual Growth
+6.3%Property Price Trend Analysis
Current Median Price
$951,490
Annual Growth
+6.3%
Quarterly Growth
+4.8%
Price Trends - Last 6 Months
2024-01
$534,088
+5.2%2024-02
$894,149
+10.1%2024-03
$703,359
+5.5%2024-04
$448,177
+14%2024-05
$719,742
+14%2024-06
$781,899
+11.7%Property Type Price Analysis
House
Median Price
$1,749,993
Growth Rate
+5.7%Available Listings
221 properties
Apartment
Median Price
$372,530
Growth Rate
+11.9%Available Listings
648 properties
Townhouse
Median Price
$890,170
Growth Rate
+8.1%Available Listings
138 properties
Investment Potential Assessment
Investment Advantages
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy