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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 $350,000 and this has changed 0.28% over the past year and changed 0.28% over 2 years.

The median rent in Newman for houses is $680 per week and the median rental yield is 10.10%. Stock on the market for houses/townhouses has changed -14.47% compared to last year and the average time to sell a house/townhouse is 149 days.The median listing price for units is $221,500 and this has changed 12.72% over the past year. The average unit takes 88 days to sell and the median rent for a unit in Newman is $450 per week, producing a rental yield of 10.56%.

Supply & Demand in Newman, East Pilbara

1.53%

Current vacancy rate


42

Rental stock available


7,241

Population


47.34%

Rental population


1.21%

Current vacancy rate


42

Rental stock available


10,587

Population


44.24%

Rental population


0.61%

Current vacancy rate


7,509

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 $350,000 NA $221,500
Median price change - last quarter 1.74% NA 8.04%
Median price change - 1 year 0.28% NA 12.72%
Median price change - 2 years 0.28% NA 23.74%
  House Townhouses Units
Median weekly rent $680 $495 $450
Median yield % 10.10% NA 10.56%
Median rent change - 1 year 13.33% -10.00% 12.50%
  House Units
Previous month sales 6 1
Stock on market previous month 65 6
Stock variance vs. last year -14.47% -45.45%
Average days on market 149 88

Newman investment property listings

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