Newtown is a well-established suburb in New South Wales within the Inner West local government area (postcode 2042). With a population of 14,690, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $121K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Newtown is $2.0 million, having increased 2.6% over the past year. Units have a median price of $745,000 (-9.7% YoY). The current median weekly rent is $730. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $3,000.
Newtown is served by 6 schools, including 4 primary, 1 secondary, 1 combined. The average ICSEA score is 1122, which is well above the national average of 1,000. Public transport access includes 1 rail station, 20 bus stops. The crime rate in the Inner West LGA is below average at 2,844 incidents per 100,000 population.
From an investment perspective, Newtown offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 16.6x is considered stretched. House prices have moved +2.6% year-on-year.
Newtown is a well-established suburb in New South Wales within the Inner West local government area (postcode 2042). With a population of 14,690, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $121K per year, with an average household size of 2.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Newtown is $2.0 million, having increased 2.6% over the past year. Units have a median price of $745,000 (-9.7% YoY). The current median weekly rent is $730. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $3,000.
Newtown is served by 6 schools, including 4 primary, 1 secondary, 1 combined. The average ICSEA score is 1122, which is well above the national average of 1,000. Public transport access includes 1 rail station, 20 bus stops. The crime rate in the Inner West LGA is below average at 2,844 incidents per 100,000 population.
From an investment perspective, Newtown offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 16.6x is considered stretched. House prices have moved +2.6% year-on-year.