Question 1

Is Newcomb a nice place to live?

Accepted Answer

Newcomb is an established residential suburb on Geelong’s eastern edge, close to Corio Bay and the city’s coastal fringe. Tree-lined streets contain a mix of older single-storey cottages and postwar brick homes alongside newer infill housing, and the population of 4,704 with a median age of 40 is weighted towards families and longer-term residents — it attracts young families, downsizers and people putting down roots. Homes are more often owner-occupied than rented, though there is a sizeable renter cohort.

Everyday life centres on foreshore reserves, local parks and sporting grounds, a small shopping precinct, nearby schools and active community clubs. Newcomb has recently seen upgrades such as an $850,000 redevelopment of the cricket practice nets at Grinter Reserve, modernisation of the primary school with new STEM and art classrooms and IT facilities, and community grant funding for local netball and tennis clubs. Good road links make access to Geelong’s centre and the Bellarine Peninsula straightforward. Whether it suits you comes down to what you want from a suburb.

Question 2

Is it expensive to live in Newcomb?

Accepted Answer

On the figures for Newcomb, comparing current housing costs with the median local household income at the last Census shows a clear difference between renting and buying. A house rent of $480 a week would take about 41.8% of a typical local household's weekly income at the last Census, a large share, while a unit rent of $400 a week would take about 34.8% of that income, a sizeable share.

Buying is more stretched against local incomes: the median house price of $685,000 is about 11.5 times a typical local annual household income at the last Census, which sits well above what households there earned. If you are renting the rent-share figures are the most relevant; if you are buying the price multiple shows how purchase costs compare to local incomes.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Newcomb a good place to invest?

Accepted Answer

Houses have been the stronger performer in Newcomb over the past 12 months. Median house values climbed 13.5%, a strong rise, while median unit values increased 8.5%, a solid gain. On the rental side, house rents rose 6.7% (solid) and unit rents rose 2.6% (modest).

Put simply, capital growth outpaced rent growth this year on both sides of the market, and houses outperformed units for both price and rent movement. If rental income is your priority, the house rent figure is the most relevant; if capital growth matters more, house values showed the larger gain. Whether that makes Newcomb the right investment for you depends on your objectives and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$685K	N/A
Change in value Past 12 months	13.5%	8.5%
Sold Past 3 months	29	6
Median days on market Past 12 months	15	14
Average rent Past 12 months	$480	$400
Change in rent Past 12 months	6.7%	2.6%

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