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Newmerella, VIC 3886
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$445,000
market range $450K-$675K
Median Unit
$390,000
Gross Yield (houses)
4.1%
1yr Growth (houses)
+3.1%
market range +0.0% to +7.5%
Investment snapshot for Newmerella
Newmerella has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Newmerella market and investor summary
In Newmerella, VIC 3886, the median house sells for around $445K, on a gross rental yield of 4.1% for houses. House prices have moved +3.1% over the past year. At 5.0% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.1% is neither a standout cashflow play nor a pure growth bet. Demand is softer at 5.0% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 99 days on market, so plan for a slower exit if you ever need one.
Living in Newmerella: people, income and schools
About 415 people live in Newmerella, a number that has held fairly steady over five years. At a median age of 49, it reads as skewed a little older, and 82% 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 $59,000 a year (about $1,130 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to about 7.6 times local household income, in line with much of metropolitan Australia.
Families have 3 schools within roughly 5km to choose from, testing below the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 415
- +2% over 5yr
- Median age
- 49 years
- Median household income
- $59,000/yr
- Households renting
- 12%
- Family households
- 73%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 3
- avg ICSEA 913
- Unemployment
- 6.4%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Newmerella
No properties currently listed in Newmerella
Search Newmerella listings →Frequently asked questions about Newmerella
What should I check before investing in Newmerella?
Newmerella has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.1% gives a usable rent-to-price starting point. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Newmerella?
The median property price in Newmerella, VIC 3886 is $445K for houses and $390K for units.
What rental yield does Newmerella show?
The gross rental yield in Newmerella is 4.1% for houses and 2.6% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Newmerella?
House prices in Newmerella are up 3.1% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Newmerella?
The current vacancy rate in Newmerella is 5.0%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Newmerella?
Newmerella has a population of approximately 415 residents, with a median age of 49.
What schools are near Newmerella?
There are 3 schools within roughly 5km of Newmerella. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Newmerella affordable to buy in?
A median house in Newmerella costs about 7.6 times the median local household income (broadly in line with metropolitan Australia). 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 Newmerella's population growing?
The population of Newmerella has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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