Newman is a moderately sized suburb in Western Australia within the East Pilbara local government area (postcode 6753). The area has roughly 6,456 residents and a blend of families and working-age professionals, with a median age of 33. Households earn a median income of $155K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 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 technicians & trades, machinery operators & drivers, labourers. Employment in the area leans toward mining and construction. The top ancestries reported are English, Australian, Aboriginal Australian.
Newman has a median house price of $323,000, which has dipped slightly by 2.1% year-on-year. Units have a median price of $195,000 (+30% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 9.7%. 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.
On the investment side, Newman shows a gross rental yield of approximately 9.7%, rated as high yield. Property prices sit below the state median ($323K/$951K), which can point to relative value. The price-to-income ratio of 2.1x is considered affordable. House prices have moved -2.1% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.