Newman is a mid-sized suburb in Western Australia within the East Pilbara local government area (postcode 6753). With a population of 6,456, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $155K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, machinery operators & drivers, labourers. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Newman is $323,000, having dipped slightly 2.1% over the past year. Units have a median price of $195,000 (+30% YoY). The current median weekly rent is $575. This gives a gross rental yield of approximately 9.3%. The median monthly mortgage repayment is $1,083.
Newman is served by 5 schools, including 2 primary, 1 secondary, 2 combined. The average ICSEA score is 802, which is well below the national average of 1,000. Healthcare facilities include 1 public hospital.
From an investment perspective, Newman offers a gross rental yield of 9.3%, rated as high yield. Property prices sit below the state median ($323K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 2.1x is considered affordable. House prices have moved -2.1% year-on-year.
Newman is a mid-sized suburb in Western Australia within the East Pilbara local government area (postcode 6753). With a population of 6,456, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $155K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, machinery operators & drivers, labourers. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Newman is $323,000, having dipped slightly 2.1% over the past year. Units have a median price of $195,000 (+30% YoY). The current median weekly rent is $575. This gives a gross rental yield of approximately 9.3%. The median monthly mortgage repayment is $1,083.
Newman is served by 5 schools, including 2 primary, 1 secondary, 2 combined. The average ICSEA score is 802, which is well below the national average of 1,000. Healthcare facilities include 1 public hospital.
From an investment perspective, Newman offers a gross rental yield of 9.3%, rated as high yield. Property prices sit below the state median ($323K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 2.1x is considered affordable. House prices have moved -2.1% year-on-year.