Newtown (postcode 4350) is an established suburb in Queensland within the Toowoomba local government area. The area has roughly 10,039 residents and a mix of families and early-career residents, with a median age of 35. Households earn a median income of $62K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Median house prices in Newtown sit at $650,000, little changed on a year ago. The median weekly rent is $289 (Census 2021). This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,254.
Newtown is served by 3 schools, including 1 primary, 2 special. The average ICSEA score is 930, which is below the national average of 1,000. The crime rate in the Toowoomba LGA is moderate at 5,831 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.3% (low yield). Property prices sit below the state median ($650K/$1.1M), which can point to relative value. The price-to-income ratio of 10.4x is considered stretched. House prices have moved +0.0% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.