Price drops in Newtown
Listings for sale in Newtown, VIC 3220 whose current asking price is a cut from an earlier one, and by how much. Updated daily.
Most recent cut recorded:
Listings reduced
40
47% of 85 live listings
Median cut
4.7%
$51K off the asking price
Days listed before cut
60
median, first listed to latest cut
Cuts, last 30 / 90 days
22 / 34
3 listings have raised instead
Newtown price-drop summary
40 listings in Newtown (47% of the 85 on the market) are advertised below an earlier asking price. The typical reduction is 4.7%, about $51K. House listings account for 29 of them, with a median cut of 5.7%. Going the other way, 3 listings have raised the asking price.
Cuts by property type
| Type | Listings reduced | Median cut |
|---|---|---|
| House | 29 | 5.7% |
| Townhouse | 6 | 4.4% |
| Apartment | 5 | 3.8% |
Largest current cuts in Newtown
The 30 biggest of 40, by percentage. Previous asking is the price immediately before the latest cut.
| Address | Previous asking | Now asking | Cut | Cut on | Property |
|---|---|---|---|---|---|
| 6 Upper Skene Street | $2,970,000 | $2,400,000 | -19.2% | 4 bed House | |
| 15 Gairloch Grove | $2,750,000 | $2,300,000 | -16.4% | 5 bed House | |
| 48 Clarendon Street | $810,000 | $699,000 | -13.7% | 2 bed House | |
| 2a Raith Terrace | $8,250,000 | $7,300,000 | -11.5% | 5 bed House | |
| 4 Bloomsbury Street | $1,400,000 | $1,250,000 | -10.7% | 3 bed House | |
| 28 Belfast Street | $2,100,000 | $1,900,000 | -9.5% | 4 bed House | |
| 21 Aberdeen Street | $1,930,000 | $1,750,000 | -9.3% | 5 bed House | |
| 15 Belfast Street | $1,369,000 | $1,259,000 | -8.0% | 3 bed House | |
| 47 Skene Street | $1,079,000 | $999,000 | -7.4% | 3 bed House | |
| 3 Sharp Street | $1,400,000 | $1,300,000 | -7.1% | 4 bed House | |
| 7 Fernery Grove | $1,490,000 | $1,390,000 | -6.7% | 3 bed House | |
| 5A Craigie Road | $1,495,000 | $1,395,000 | -6.7% | 3 bed Townhouse | |
| 71 Clarendon Street | $1,550,000 | $1,450,000 | -6.5% | 4 bed House | |
| 41 Skene Street | $1,495,000 | $1,399,000 | -6.4% | 5 bed House | |
| 41 Austin Street | $745,000 | $699,000 | -6.2% | 2 bed House | |
| 273 Pakington Street | $2,100,000 | $1,980,000 | -5.7% | 4 bed House | |
| 24 Bond Street | $1,350,000 | $1,280,000 | -5.2% | 3 bed House | |
| 73b Noble Street | $875,000 | $830,000 | -5.1% | 3 bed House | |
| 24 Chadwick Street | $1,995,000 | $1,895,000 | -5.0% | 4 bed House | |
| 398 Aberdeen Street | $1,050,000 | $1,000,000 | -4.8% | 4 bed House | |
| 318 Latrobe Terrace | $765,000 | $729,000 | -4.7% | 3 bed House | |
| 2/26 Grant Street | $1,100,000 | $1,049,000 | -4.6% | 3 bed Townhouse | |
| 58 Fairview Avenue | $975,000 | $930,000 | -4.6% | 3 bed Townhouse | |
| 121 Aberdeen Street | $890,000 | $850,000 | -4.5% | 2 bed House | |
| 56 Marshall Street | $899,000 | $859,000 | -4.4% | 2 bed House | |
| 4/6-8 Skene Street | $575,000 | $550,000 | -4.3% | 2 bed Apartment | |
| 2/34 Mervyn Street | $1,450,000 | $1,390,000 | -4.1% | 3 bed Townhouse | |
| 1/1A Vista Road | $499,000 | $479,000 | -4.0% | 2 bed Apartment | |
| 2/28 Upper Skene Street | $520,000 | $500,000 | -3.8% | 2 bed Apartment | |
| 34 Marshall Street | $1,060,000 | $1,020,000 | -3.8% | 4 bed House |
Suburb profile
Newtown market data
Median prices, rents, growth and vacancy for Newtown.
Sold prices
Recent sales in Newtown
What buyers actually paid, and how it compared with the asking price.
Australia-wide
All price rises and cuts
The national feed of asking-price changes, filterable by state, type and size of change.
Price drops in Newtown: common questions
How many properties in Newtown have had a price drop?
40 listings for sale in Newtown VIC 3220 are currently advertised below an earlier asking price, 47% of the 85 listings on the market. 22 of those cuts were recorded in the last 30 days and 34 in the last 90.
How much are Newtown sellers cutting their prices by?
The median cut is 4.7%, or $51K, measured from the previous advertised asking price to the current one on each listing.
How long are Newtown listings on the market before the price drops?
A median of 60 days from when the listing first appeared to its latest price cut, across 40 listings.
What counts as a price drop here?
A listing that is still for sale and whose current advertised asking price was set by a reduction from its previous asking price. Changes that cannot be confirmed as one advertisement repricing, such as several ads sharing one address, are left out.
Showing at most 30 listings. Asking prices are as advertised; a cut is not a sale price.