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Newtown Suburb Insights
VICLocation Information
Suburb Name
Newtown, VIC
Distance from CBD
9.2 kmDemographics
Population
15,029
Median Income
$55,484
Area Information
Area
1.58 km²
Population Density
9512 people/km²
Property Market
Median Price
$617,585
Annual Growth
+19.5%Property Price Trend Analysis
Current Median Price
$617,585
Annual Growth
+19.5%
Quarterly Growth
+2.1%
Price Trends - Last 6 Months
2024-01
$979,402
+9.6%2024-02
$383,033
+5.9%2024-03
$1,001,696
+8.7%2024-04
$432,869
+14.6%2024-05
$793,024
+8.2%2024-06
$418,296
+19.7%Property Type Price Analysis
House
Median Price
$1,732,325
Growth Rate
+6.5%Available Listings
104 properties
Apartment
Median Price
$456,398
Growth Rate
+17.7%Available Listings
767 properties
Townhouse
Median Price
$893,934
Growth Rate
+14.9%Available Listings
155 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy