Newry

NEWRY, VIC 3859 is a small suburb with a total population of 451 residents. The population has shown steady growth over the past few years, with a diverse age distribution across different age groups. Residents have a median household income slightly above the national average. The suburb attracts a mix of occupation types, with a notable number of managers, technicians/tradeworkers, and labourers. The commuting patterns show a preference for motor vehicles, while a significant portion of residents work from home. For property investors interested in houses in NEWRY, VIC 3859, the suburb offers a high median growth rate over one year and significant property value increases over a ten-year period. The rental yield is moderate, with a low vacancy rate and a stable market with a low stock for sale. The suburb presents an opportunity for renovators, indicated by the high sale price IQR ratio. Homebuyers will find the median house price affordable compared to neighbouring suburbs, making it an appealing choice for long-term capital growth. NEWRY, VIC 3859 is a growing suburb with a diverse demographic profile and good lifestyle amenities. With a focus on houses, the suburb presents investment opportunities for property developers and long-term investors looking for capital growth potential. The stable market conditions, along with the affordability index, make it an attractive option for both homebuyers and investors. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022