Newborough is a mid-sized suburb in Victoria within the Latrobe (Vic.) local government area (postcode 3825). With a population of 6,886, the suburb has 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. The most common occupations are technicians & trades, community & personal service, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Newborough is $429,000, having risen modestly 0.4% over the past year. The current median weekly rent is $375. This gives a gross rental yield of approximately 4.6%. 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.
From an investment perspective, Newborough offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($429K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.1x is considered moderate. House prices have moved +0.4% year-on-year.
Newborough is a mid-sized suburb in Victoria within the Latrobe (Vic.) local government area (postcode 3825). With a population of 6,886, the suburb has 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. The most common occupations are technicians & trades, community & personal service, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Newborough is $429,000, having risen modestly 0.4% over the past year. The current median weekly rent is $375. This gives a gross rental yield of approximately 4.6%. 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.
From an investment perspective, Newborough offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($429K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.1x is considered moderate. House prices have moved +0.4% year-on-year.