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Newfield, VIC 3268
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,055,000
Median Unit
$325,000
list-price estimate
Gross Yield (houses)
2.2%
1yr Growth
-
Investment snapshot for Newfield
Newfield has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Newfield market and investor summary
In Newfield, VIC 3268, the median house sells for around $1.1M, on a gross rental yield of 2.2% for houses. At 2.7% vacancy, it is a broadly balanced rental market.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.2% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 96 days on market, so plan for a slower exit if you ever need one.
Living in Newfield: people, income and schools
Newfield is home to around 59 people, a number that has held fairly steady over five years. At a median age of 44, it reads as skewed a little older, and 74% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $76,000 a year (about $1,470 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to a steep 13.8 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 59
- -1% over 5yr
- Median age
- 44 years
- Median household income
- $76,000/yr
- Households renting
- 26%
- Family households
- 58%
- Socio-economic rank
- 6/10
- ABS advantage index
- Unemployment
- 1.4%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Newfield
No properties currently listed in Newfield
Search Newfield listings →Frequently asked questions about Newfield
What should I check before investing in Newfield?
Newfield has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Newfield?
The median property price in Newfield, VIC 3268 is $1.1M for houses.
What rental yield does Newfield show?
The gross rental yield in Newfield is 2.2% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Newfield?
The current vacancy rate in Newfield is 2.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Newfield?
Newfield has a population of approximately 59 residents, with a median age of 44.
Is Newfield affordable to buy in?
A median house in Newfield costs about 13.8 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Newfield's population growing?
The population of Newfield has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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