Date Prepared: 20th November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).
Overview
Newport, located in the Moreton Bay region, is a thriving coastal suburb known for its waterfront homes, marina lifestyle, and family-friendly community. With a mix of modern amenities and natural beauty, Newport attracts both families and investors.
Demographics
- Population: Approximately 6,400 (2021 Census, ABS).
- Median Age: 39 years, reflecting a balanced mix of families and professionals.
- Dwelling Type: Predominantly standalone houses with a significant proportion of waterfront properties.
- Ownership: High ownership rates, indicative of long-term residential stability.
Property Market (2024)
Houses
- Median Sale Price: $1,250,000 (+2.5% annual growth).
- Median Weekly Rent: $725.
- Rental Yield: 3.0%.
- Sales Volume: 182 recorded house sales in the past 12 months.
Units
- Median Sale Price: $1,330,000 (+15.7% annual growth).
- Median Weekly Rent: $690.
- Rental Yield: 2.7%.
Long-Term Trends (2006–2024)
Over the past 18 years, Newport’s housing market has shown steady growth, with the median house price rising from $710,000 in 2006 to $1,250,000 in 2024. This represents an average annual growth rate of approximately 3.4%.
Recent Notable Sales
- 64 Spinnaker Boulevard: Sold for $1,740,000 (Nov 2024).
- 50 Clearwater Street: Sold for $1,860,000 (Oct 2024).
- 44 Intrepid Court: Sold for $2,815,000 (Sep 2024).
Source: Pricefinder, Your Investment Property Magazine.
Education
Newport provides access to quality educational facilities in nearby areas:
- Primary Schools:
- Scarborough State School.
- Secondary Schools:
- Redcliffe State High School.
- Private Schools:
- Grace Lutheran College (in Rothwell).
Source: Queensland Department of Education, Landchecker.
Amenities and Lifestyle
Shopping
- Newport Marketplace: Offers boutique stores, cafes, and essential services.
- Nearby Options: Redcliffe and Kippa-Ring shopping centres provide extensive retail and dining options.
Parks and Recreation
- Newport Marina: A hub for boating and water activities.
- Spinnaker Park: Features playgrounds and picnic areas.
- Pelican Park: A popular spot for kite flying and waterfront picnics.
Source: Google, Walkscore.
Transport and Accessibility
- Road Network:
- Easily accessible via Anzac Avenue, connecting to the Bruce Highway.
- Public Transport:
- Regular bus services link Newport to surrounding suburbs and Brisbane.
- Walkability:
- Moderate; local amenities and parks are within walking distance in central areas.
Source: TMR Queensland, Walkscore.
Recent and Planned Developments
- Residential Expansion: Ongoing development of luxury waterfront homes and modern townhouses.
- Community Investments: Upgrades to marina facilities and public parks to support population growth and tourism.
Source: Pricefinder, Your Investment Property Magazine.
Community and Employment
- Employment Sectors:
- Key industries include healthcare, education, retail, and construction.
- Community Activities:
- Waterfront events, sailing competitions, and local markets foster a vibrant community.
Source: ABS, Your Investment Property Magazine.
Key Statistics at a Glance
| Metric | Value |
|---|---|
| Population | ~6,400 (2021 Census). |
| Median House Price (2024) | $1,250,000. |
| Median Rent (Houses) | $725/week. |
| Rental Yield (Houses) | 3.0%. |
| Median Unit Price (2024) | $1,330,000. |
| Median Rent (Units) | $690/week. |
| Rental Yield (Units) | 2.7%. |
| Notable Parks | Newport Marina, Spinnaker Park, Pelican Park. |
| Transport Access | Anzac Avenue, bus services. |
Conclusion
Newport’s thriving property market, marina lifestyle, and excellent amenities make it a desirable location for families, retirees, and investors. Its steady growth and community appeal ensure long-term potential for property buyers.