Newlands Arm is a small community in Victoria within the East Gippsland local government area (postcode 3875). With a population of 866, the suburb has an older demographic with a median age of 60. Households earn a median income of $59K per year, with an average household size of 2.2 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Newlands Arm is $595,000, having declined 4% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.5%. 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.
From an investment perspective, Newlands Arm offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($595K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 10.0x is considered stretched. House prices have moved -4.0% year-on-year.
Newlands Arm is a small community in Victoria within the East Gippsland local government area (postcode 3875). With a population of 866, the suburb has an older demographic with a median age of 60. Households earn a median income of $59K per year, with an average household size of 2.2 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Newlands Arm is $595,000, having declined 4% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.5%. 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.
From an investment perspective, Newlands Arm offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($595K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 10.0x is considered stretched. House prices have moved -4.0% year-on-year.