newport

3015, Victoria

Real Estate & Property Information

Median
Price Rank
127

newport Suburb Profile & Review

Newport is a major industrial suburb in Melbourne's south-west, located at the beginning of the Yarra River. Over recent years professionals have started to discover the area, drawn to its waterfront locale, the proximity of Williamstown and the city, and the profusion of recreational spaces. A commute to the city takes fifteen minutes on the West Gate Freeway in good traffic.

There are a whopping twelve playgrounds in and around the suburb, making it ideal for families with children. Fishing, bike-riding, skate-boarding, kayaking and boating are all popular activities along the foreshore. Newport Lakes Park is a bushland haven with a picnic area and walking trails, while the Warmies Boat Ramp at Greenwich Reserve offers boating access to the Yarra River and Port Phillip Bay. It is also one of the best fishing spots in Melbourne!

The Substation Centre for Arts and Culture hosts local live music performances, art exhibitions, dance classes and a monthly artists' market. Residents need not venture to trendy Williamstown or Yarraville for a nibble, though that's certainly an option: on Melbourne Road there are some lovely, bustling eateries such as Odd Spot Cafe.

Newport is also incredibly well-serviced in terms of public transport. From Newport Station there are trains on both the Werribee and Williamstown lines. There are also V/Line services to Geelong. The Newport bus interchange offers buses to nearby suburbs such as Yarraville and Sunshine, while cyclists enjoy the use of the Bay Trail and the Pint bike paths.

newport Demographic Data

$ 670,000 Median House Price

18 Minutes Average Commute

36 Median Age

11,987 Population

50.99 % Female

49.01 % Male

3153 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in newport, Victoria.

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newport Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

newport Median House Prices

  • 2008 $ 503,000
  • 2009 $ 526,000
  • 2010 $ 549,500
  • 2011 $ 651,500
  • 2012 $ 670,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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newport 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in newport have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term newport property price predictions.

newport Market Property Types

  • 71 % Seperate House
  • 21 % Semi Detached
  • 8 % Flat or Unit
  • 1 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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newport Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

newport Income & Mortgage Stats

  • $ 1,719 Median Weekly Household Income
  • $ 2,167 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in newport

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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newport Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

newport Sold Property Prices

newport Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

newport Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

newport Restaurants

  • Thoranee Thai19 Mason St newport VIC 301503 9391 4283
  • Star Pizza206 Mason St newport VIC 301503 9399 5555
  • Siam Kitchen334 Melbourne Rd newport VIC 301503 9391 5179

newport Cafes

  • Jolly Roger Seafood Cafe308 Melbourne Rdnewport VIC 301503 9391 8364
  • Delicious Lakes Cafe115 Lake Shores Rdnewport VIC 301503 9399 2878
  • Newport Bakery Cafe9 Hall Streetnewport VIC 301503 9391 1574

newport Schools

  • Victoria University of Technology80 Champion Roadnewport VIC 3015
  • Sacred Heart Primary School4 Newcastle Streetnewport VIC 3015(03) 9391 6262 Catholic Primary School
  • Westbourne Grammar Williamstown Campus67 The Strandnewport VIC 3015(03) 9731 9555Private School

newport Kindergarten and Preschools

  • Hobsons Bay KindergartenCnr Laurie & Woods Stsnewport VIC 3015
  • Home Road Kindergarten44 Home Roadnewport VIC 3015
  • Victoria University of Technology80 Champion Roadnewport VIC 3015

newport Sporting Centres and Clubs

  • Newportnewport VIC 3015Bowling Club
  • Newport Park Recreation Centrenewport VIC 3015Indoor Sports Venue
  • Newport Skate Parknewport VIC 3015Skate Park Facility

Find out How Much your House is Worth in newport

Request a free market Basic Report for newport to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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