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Newry, VIC 3859
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$920,000
list-price estimate
Median Unit
$430,000
Gross Yield (houses)
2.5%
1yr Growth
-
Investment snapshot for Newry
Newry has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Newry market and investor summary
In Newry, VIC 3859, houses show a gross rental yield of 2.5%. At 2.3% 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 2.5% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 74 days on market, so plan for a slower exit if you ever need one.
Living in Newry: people, income and schools
Newry is home to around 451 people, and the area has been growing steadily, up about 7% over five years. The median age is 38, broadly working-age, and 79% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $94,000 a year, or roughly $1,800 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). Incomes have risen about 28% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 451
- +7% over 5yr
- Median age
- 38 years
- Median household income
- $94,000/yr
- Households renting
- 20%
- Family households
- 75%
- Socio-economic rank
- 6/10
- ABS advantage index
- Unemployment
- 3.0%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Newry
No properties currently listed in Newry
Search Newry listings →Frequently asked questions about Newry
What should I check before investing in Newry?
Newry 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 Newry?
The median property price in Newry, VIC 3859 is $430K for units.
What rental yield does Newry show?
The gross rental yield in Newry is 2.5% for houses and 3.1% for units. 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 Newry?
The current vacancy rate in Newry is 2.3%. 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 Newry?
Newry has a population of approximately 451 residents, with a median age of 38.
Is Newry's population growing?
The population of Newry has grown about 7% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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