Newtown vs One Mile

Houses cost about the same in both suburbs: the median house price is $730K in Newtown and $730K in One Mile.

On cash flow, Newtown leads: houses there return a gross rental yield of 3.97%, compared with 3.71% in One Mile, a gap of 0.26 percentage points.

Over the past year house prices moved +18.4% in Newtown and +17.8% in One Mile, so recent momentum favours Newtown, although both suburbs recorded growth.

Looking back three years, Newtown houses are +60.0% and One Mile houses +67.3%, so One Mile has compounded faster than Newtown over the longer window.

Rental vacancy is 0.3% in One Mile and 0.9% in Newtown, so landlords in One Mile 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 10,039 against 2,038, roughly 4.9 times the size of One Mile; a larger suburb usually means a deeper pool of buyers and tenants.

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