Located in Victoria within the Latrobe (Vic.) local government area, Newborough is a medium-sized suburb (postcode 3825). The area has roughly 6,886 residents and an established demographic, with a median age of 43. Households earn a median income of $61K per year, with an average household size of 2.2 people. VIC 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. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 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 technicians & trades, community & personal service, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Scottish.
Newborough has a median house price of $455,000, which has posted strong gains by 6.2% year-on-year. The current median weekly rent is $390. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,118.
Newborough is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 961, which is around the national average of 1,000. Public transport access includes 53 bus stops. The crime rate in the Latrobe (Vic.) LGA is higher than average at 17,840 incidents per 100,000 population.
On the investment side, Newborough shows a gross rental yield of approximately 4.5%, rated as moderate yield. Property prices sit below the state median ($455K/$875K), which can point to relative value. The price-to-income ratio of 7.5x is considered moderate. House prices have moved +6.2% year-on-year.