newtown

3220, Victoria

Real Estate & Property Information

Median
Price Rank
222

newtown Suburb Profile & Review

Newtown is a highly sought-after suburb in Geelong's inner west. Set on the banks of the Barwon River, the area is also minutes away from central Geelong and Simonds Stadium in Kardinia Park. Residents walk to trendy Pakington Street for restaurants, fashion boutiques and cafes. The Newtown end of the street contains some beautiful Edwardian and Victorian architecture.

Picturesque Queens Park is home to the Newtown and Chilwell Cricket Club and the Queens Park Golf Course. Riverside walking and bike paths link the park to other lush green areas along the Barwon River, including Balyang Sanctuary, which is a popular picnic venue due to its spectacular and diverse birdlife.

Newtown is home to three of the top ranking private high schools in the Geelong area: Sacred Heart College, St Josephs College and The Geelong College. Deakin University's waterfront campus on Gheringhap Street is also seven minutes away by car.

newtown Demographic Data

$ 533,000 Median House Price

59 Minutes Average Commute

40 Median Age

9,681 Population

51.26 % Female

48.74 % Male

2508 NO OF FAMILIES

1.9 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 newtown, Victoria.

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newtown 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.

newtown Median House Prices

  • 2008 $ 405,000
  • 2009 $ 400,000
  • 2010 $ 410,000
  • 2011 $ 554,500
  • 2012 $ 533,000

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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newtown 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 newtown 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 newtown property price predictions.

newtown Market Property Types

  • 77 % Seperate House
  • 10 % Semi Detached
  • 12 % Flat or Unit
  • 0 % 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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newtown 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.

newtown Income & Mortgage Stats

  • $ 1,328 Median Weekly Household Income
  • $ 1,800 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 newtown

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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newtown 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.

newtown Sold Property Prices

newtown 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.

newtown 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?

newtown Restaurants

  • Barwon Edge Boathouse40 Windsor Roadnewtown VIC 322003 5221 2200

newtown Cafes

  • Silvio's CafeShop 1, 337 Pakington Stnewtown VIC 322003 5223 2971
  • Hahndorf's Fine Chocolates69 Glenhuntley Rdnewtown VIC 322003 5229 7405
  • Muzzbuzz Newtown404-406 Shannon Avenewtown VIC 322003 5221 3288

newtown Schools

  • Sacred Heart CollegeRetreat Rdnewtown VIC 3220(03) 5221 4211Catholic Secondary School
  • St. Josephs College135 Aphrasia Streetnewtown VIC 3220(03) 5226 8100Catholic Secondary School
  • St. Roberts Primary School13 Nicholas Streetnewtown VIC 3220(03) 5221 1075Catholic Primary School

newtown Childcare

  • Early Learners on Aberdeen19 Aberdeen Streetnewtown VIC 3220
  • ABC Learning Centre15 Aberdeen Streetnewtown VIC 3220
  • City Learning & Care-Ariston245-249 Pakington Stnewtown VIC 3220

newtown Kindergarten and Preschools

  • Bond Street Kindergarten25-35 Bond Streetnewtown VIC 3220
  • Early Learners on Aberdeen19 Aberdeen Streetnewtown VIC 3220
  • Fyans Park Kindergarten204 West Fyans Streetnewtown VIC 3220

newtown Sporting Centres and Clubs

  • Bareenanewtown VIC 3220Bowling Club
  • Balyang Par 3newtown VIC 3220Golf Course
  • Kenwith Parknewtown VIC 3220Tennis Club & Courts

Find out How Much your House is Worth in newtown

Request a free market Basic Report for newtown 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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