Thinking about buying in Newborough? Now could not be a better time, with 3887 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $434,000 with prices in this suburb ranging from $101,000 to $4,364,000. The aproximate distance to the coast is 52 Km.

Newborough Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Newborough driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Newborough due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Newborough changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Newborough necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Newborough the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Houses for sale Newborough

	32 MONASH RD, NEWBOROUGH, VIC, 3825	4	1	2	$550,000 - $575,000
	106 HAUNTED HILLS RD, NEWBOROUGH, VIC, 3825				Auction on December 05, 2024 at 06:00 pm
	12 AMAROO WAY, NEWBOROUGH, VIC, 3825	3	2	2	$580,000 - $585,000
	UNIT 18, LATROBE VALLEY VILLAGE, 5 OLLERTON AV, NEWBOROUGH, VIC, 3825	4	2	2	$980,000 - $1,020,000
	49 TORRES ST, NEWBOROUGH, VIC, 3825	3	1	1	$450,000 - $480,000
	20 MONTANE BVD, NEWBOROUGH, VIC, 3825	4	2	2	Expressions of Interest.
	7 MUIRFIELD BVD, NEWBOROUGH, VIC, 3825				AUCTION
	20 RUTHERGLEN RD, NEWBOROUGH, VIC, 3825				$699,000 (Going Concern)
	18 EASTERN AV, NEWBOROUGH, VIC, 3825	4	1	1	$370,000 - $390,000
	7 CHILDERS ST, NEWBOROUGH, VIC, 3825	4	1	2	$495,000

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General Points of Interest

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