Question 1

Is Newport a nice place to live?

Accepted Answer

Newport is a coastal canal suburb on Moreton Bay at the tip of the Redcliffe peninsula, defined by its network of waterways, marina and foreshore reserves. It favours waterfront living with contemporary canal-front houses, lowset family homes and pockets of townhouses on quiet, tree-lined streets. Outdoor life centres on boating, fishing, walking along the boardwalks and relaxed time in local parks, while nearby shops and cafes cover everyday needs.

Home to 5,964 people with a median age of 43, Newport is weighted towards couple families, who together account for just under nine in ten families. About three in four homes are owner-occupied and the median total household income is $2,418 a week, roughly $125,700 a year. The canal estate is the focus of a council maintenance dredging program, and a traffic-signal upgrade at the Griffith Road/Newport Drive intersection is planned.

Question 2

Is it expensive to live in Newport?

Accepted Answer

Both house and unit rents run to about $850 a week in Newport. Against a typical local household income of $2,418 a week at the last Census, that rent would take roughly 35.1% of a household's weekly income, which is a sizeable share.

On the buying side, the median house price of $1,600,000 works out to about 12.7 times a typical local annual household income at the last Census, which sits well above local incomes. For someone choosing between renting and buying, the rent share and the house-price multiple are the two figures that speak most directly to cost.

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 Newport a good place to invest?

Accepted Answer

Over the past 12 months in Newport the house and unit markets moved in opposite directions. Median house values climbed 17.0% and house rents rose 13.3%, both strong increases over the year. By contrast, median unit values fell 6.6% and unit rents fell 5.6%.

For someone focused on capital growth, the house side delivered the larger gains this year; for rental income, house rents also increased more strongly. Units experienced declines in both price and rent over the same period. Whether that mix of movements suits your needs depends on your individual goals 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	$1.60M	N/A
Change in value Past 12 months	17.0%	-6.6%
Sold Past 3 months	29	3
Median days on market Past 12 months	46	68
Average rent Past 12 months	$850	$850
Change in rent Past 12 months	13.3%	-5.6%

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