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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 -0.19% over the past year and changed -0.19% over 2 years.

The median rent in Newcomb for houses is $440 per week and the median rental yield is 4.16%. Stock on the market for houses/townhouses has changed -10.34% compared to last year and the average time to sell a house/townhouse is 65 days.The median listing price for units is $449,000 and this has changed -0.23% over the past year. The average unit takes 83 days to sell and the median rent for a unit in Newcomb is $375 per week, producing a rental yield of 4.34%.

Supply & Demand in Newcomb, Greater Geelong

1.24%

Current vacancy rate


31

Rental stock available


4,505

Population


32.46%

Rental population


0.89%

Current vacancy rate


1,311

Rental stock available


233,426

Population


23.30%

Rental population


0.94%

Current vacancy rate


29,256

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 $449,000
Median price change - last quarter -0.19% NA 1.46%
Median price change - 1 year -0.19% NA -0.23%
Median price change - 2 years -0.19% NA -10.03%
  House Townhouses Units
Median weekly rent $440 $450 $375
Median yield % 4.16% NA 4.34%
Median rent change - 1 year 2.32% 2.27% 1.35%
  House Units
Previous month sales 9 2
Stock on market previous month 26 9
Stock variance vs. last year -10.34% 50.00%
Average days on market 65 83

Newcomb investment property listings

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