Flemington vs Newtown

The median house price is $1.1M in Flemington and $1.1M in Newtown, so Flemington is the cheaper entry point, with Newtown houses about 1% dearer.

For units, Flemington sits at a median of $525K against $580K in Newtown, which makes Flemington the more affordable unit market and Newtown the pricier one.

Over the past year house prices moved +6.5% in Flemington and +3.8% in Newtown, so recent momentum favours Flemington, although both suburbs recorded growth.

Looking back three years, Flemington houses are +12.1% and Newtown houses -9.9%, so Flemington has compounded faster than Newtown over the longer window.

Rental vacancy is 0.8% in Newtown and 2.2% in Flemington, so landlords in Newtown face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Newtown is the bigger suburb, with a population of 10,445 against 7,025, larger than Flemington; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Flemington for a lower purchase price, Flemington for recent price momentum, Newtown for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.