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Newcomb suburb profile

Newcomb is a suburb located just a few kilometers east of Geelong's city center in Victoria. Known for its affordability and convenience, Newcomb offers a mix of residential, commercial, and recreational amenities. The suburb is home to several schools, parks, and shopping centers, making it an attractive option for families and individuals seeking a balanced lifestyle. With easy access to public transport and major roads, Newcomb provides residents with seamless connectivity to Geelong and the surrounding areas. Its community-focused atmosphere and ongoing development contribute to its growing appeal among homebuyers and investors.

Newcomb property market performance

Current median dwelling price$603,750Past 3 months

Property growth+9.8%Past 12 months

Newcomb’s property market has shown positive growth over the past 12 months, with house values increasing by 10.7%. The current median house price stands at $650,000, indicating strong demand in the area. Although unit values have only seen a modest rise of 2.1%, the market remains active.

In terms of sales activity, 36 houses and 6 units have been sold over the last 12 months. Properties are moving quickly, with houses spending a median of just 15 days on the market, while units take slightly longer at 16 days, reflecting a brisk pace in both sectors.

The rental market in Newcomb has also experienced growth, with average rents for houses increasing by 6.7% and units by 5.3% over the last 12 months. This suggests a healthy demand for rental properties in the suburb.

HousesUnits
Median price
Past 3 months
$688K$520K
Change in value
Past 12 months
14.3%5.3%
Sold
Past 3 months
3010
Median days on market
Past 12 months
1515
Average rent
Past 12 months
$480$400
Change in rent
Past 12 months
6.7%3.9%

5 year median price trend for houses and units

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Newcomb demographics

Newcomb, a suburb located in the city of Greater Geelong, Victoria, offers a blend of suburban tranquility and convenient access to urban amenities. With a population of 4,704, Newcomb is a community that appeals to a diverse range of residents, including families, professionals, and retirees. The median age of 40 suggests a mature community, with many residents likely enjoying the balance of family life and work commitments.

The suburb's housing landscape is varied, with a significant portion of properties being rented, accounting for 42.4% of the housing market. This indicates a flexible living environment, appealing to those who prefer renting over home ownership. Meanwhile, 31.7% of properties are owned outright, and 25.9% are owned with a mortgage, reflecting a stable base of long-term residents and new homeowners.

Family dynamics in Newcomb are diverse, with couple families without children making up 42.6% of the family households, followed by couple families with children at 29.0%. One-parent families also form a substantial part of the community, representing 25.7% of families. This mix of family types contributes to a supportive and inclusive community atmosphere. With a median total household income of $1,148 per week, Newcomb offers an affordable lifestyle, making it an attractive option for those seeking a balance between cost of living and quality of life.

Suburbs near Newcomb

Some popular suburbs near Newcomb include:

How does Newcomb compare to nearby suburbs?

  • Median house prices: Newcomb’s median house price is 11.2% higher than Whittington’s.
  • House price growth: Over the past 12 months, house prices in Newcomb have grown 2.9% higher than in Whittington.
  • Unit price growth: Over the past 12 months, unit prices in Newcomb have grown 8.1% higher than in St Albans Park.
  • Selling speed for houses: Properties in Newcomb are selling 21.1% faster than in Thomson.
  • Selling speed for units: Properties in nearby Whittington are selling 6.7% faster than in Newcomb.
  • Investment considerations: In Newcomb, the rental yield for house is 23.8% lower than the Melbourne average, while the rental yield for units is 31.7% lower.
  • House price growth: Over the past 12 months, house prices in Newcomb have grown 38.6% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Newcomb have grown 15.0% lower than the average rate of growth for units across Melbourne.

Choose the right real estate agents in Newcomb

Choosing the right real estate agent in Newcomb can have a big impact on your sale. While there are 70 real estate agents working in the suburb, but just 5 of them were responsible for 35.3% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2% to 2.5%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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