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Investment Property Newcomb, VIC, 3219

Suburb Snapshot

Newcomb is a suburb in the Greater Geelong Region of Victoria. Newcomb has a population of 4,505 people and 32.46% of its occupants live in rental accommodation. The median listing price for houses is $549,000 and this has changed 0.00% over the past year and changed -0.19% over 2 years.

The median rent in Newcomb for houses is $445 per week and the median rental yield is 4.21%. Stock on the market for houses/townhouses has changed -17.86% compared to last year and the average time to sell a house/townhouse is 63 days.The median listing price for units is $467,000 and this has changed 3.77% over the past year. The average unit takes 85 days to sell and the median rent for a unit in Newcomb is $370 per week, producing a rental yield of 4.11%.

Supply & Demand in Newcomb, Greater Geelong

1.16%

Current vacancy rate


29

Rental stock available


4,505

Population


32.46%

Rental population


0.88%

Current vacancy rate


1,294

Rental stock available


233,426

Population


23.30%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Newcomb, Greater Geelong

  House Townhouses Units
Median listing price $549,000 NA $467,000
Median price change - last quarter -0.19% NA 1.46%
Median price change - 1 year 0.00% NA 3.77%
Median price change - 2 years -0.19% NA -6.42%
  House Townhouses Units
Median weekly rent $445 $450 $370
Median yield % 4.21% NA 4.11%
Median rent change - 1 year 3.48% 2.27% -2.64%
  House Units
Previous month sales 3 3
Stock on market previous month 23 7
Stock variance vs. last year -17.86% 0.00%
Average days on market 63 85

Newcomb investment property listings

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