Newlands Arm (postcode 3875) is a small locality in Victoria within the East Gippsland local government area. It is home to about 866 residents, with an older demographic and a median age of 60. Households earn a median income of $59K 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 +1.0% year-on-year at the LGA level. 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 professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Newlands Arm has a median house price of $595,000, which has declined by 4% year-on-year. The current median weekly rent is $460. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,300.
The crime rate in the East Gippsland LGA is higher than average at 13,055 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 4.0% (moderate yield). Property prices sit below the state median ($595K/$875K), which can point to relative value. The price-to-income ratio of 10.0x is considered stretched. House prices have moved -4.0% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.