Newport is a well-established suburb in Victoria within the Hobsons Bay local government area (postcode 3015). With a population of 13,658, the suburb has an established demographic with a median age of 38. Households earn a median income of $138K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Newport is $1.3 million, having risen modestly 2% over the past year. Units have a median price of $780,000 (-1.9% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,507.
Newport is served by 4 schools, including 4 primary. The average ICSEA score is 1098, which is above the national average of 1,000. Public transport access includes 3 rail stations, 56 bus stops. The crime rate in the Hobsons Bay LGA is higher than average at 8,123 incidents per 100,000 population.
From an investment perspective, Newport offers a gross rental yield of 2.0%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 9.4x is considered moderate. House prices have moved +2.0% year-on-year.
Newport is a well-established suburb in Victoria within the Hobsons Bay local government area (postcode 3015). With a population of 13,658, the suburb has an established demographic with a median age of 38. Households earn a median income of $138K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Newport is $1.3 million, having risen modestly 2% over the past year. Units have a median price of $780,000 (-1.9% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,507.
Newport is served by 4 schools, including 4 primary. The average ICSEA score is 1098, which is above the national average of 1,000. Public transport access includes 3 rail stations, 56 bus stops. The crime rate in the Hobsons Bay LGA is higher than average at 8,123 incidents per 100,000 population.
From an investment perspective, Newport offers a gross rental yield of 2.0%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 9.4x is considered moderate. House prices have moved +2.0% year-on-year.