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Investment Property Newman, WA, 6753

Suburb Snapshot

Newman is a suburb in the East Pilbara Region of Western Australia. Newman has a population of 7,241 people and 47.34% of its occupants live in rental accommodation. The median listing price for houses is $359,000 and this has changed 2.57% over the past year and changed 2.86% over 2 years.

The median rent in Newman for houses is $690 per week and the median rental yield is 9.99%. Stock on the market for houses/townhouses has changed -13.51% compared to last year and the average time to sell a house/townhouse is 264 days.The median listing price for units is $215,000 and this has changed 9.41% over the past year. The average unit takes 282 days to sell and the median rent for a unit in Newman is $445 per week, producing a rental yield of 10.76%.

Supply & Demand in Newman, East Pilbara

1.75%

Current vacancy rate


48

Rental stock available


7,241

Population


47.34%

Rental population


1.39%

Current vacancy rate


48

Rental stock available


10,587

Population


44.24%

Rental population


0.63%

Current vacancy rate


7,731

Rental stock available


2,474,414

Population


23.98%

Rental population


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Statistical data for Newman, East Pilbara

  House Townhouses Units
Median listing price $359,000 NA $215,000
Median price change - last quarter 1.74% NA 8.04%
Median price change - 1 year 2.57% NA 9.41%
Median price change - 2 years 2.86% NA 20.11%
  House Townhouses Units
Median weekly rent $690 $490 $445
Median yield % 9.99% NA 10.76%
Median rent change - 1 year 15.00% -10.10% 9.87%
  House Units
Previous month sales 5 0
Stock on market previous month 64 6
Stock variance vs. last year -13.51% -40.00%
Average days on market 264 282

Newman investment property listings

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