SOLD
Sold on 25 Jun 2024 for $5,450,000

440 Melbourne Road
Newport VIC 3015

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1765m2
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Property Details for 440 Melbourne Rd, Newport

Building Type
Commercial
Land Size
1765m2
Local Government
Hobsons Bay
Lot/Plan
CP160976

Property History for 440 Melbourne Rd, Newport, VIC 3015

A timeline of how this property has performed in the market
Last Sold
$5,450,000
25 Jun 2024
  • 25 Jun 2024
    Sold for $5,450,000
  • 01 Dec 1985
    Sold for $590,000
  • 01 Feb 1985
    Sold for $230,000
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About Newport 3015

The size of Newport is approximately 5.2 square kilometres. It has 22 parks covering nearly 15.4% of total area. The population of Newport in 2011 was 11,987 people. By 2016 the population was 12,913 showing a population growth of 7.7% in the area during that time. The predominant age group in Newport is 40-49 years. Households in Newport are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newport work in a professional occupation. In 2011, 70.7% of the homes in Newport were owner-occupied compared with 69.2% in 2016.

Newport has 6,438 properties. Over the last 5 years, Houses in Newport have seen a 14.55% increase in median value, while Units have seen a 8.96% increase. As at 31 August 2024:

  • The median value for Houses in Newport is $1,155,767 while the median value for Units is $748,351.
  • Houses have a median rent of $690 while Units have a median rent of $590.
There are currently 33 properties listed for sale, and 20 properties listed for rent in Newport on OnTheHouse. According to CoreLogic's data, 286 properties were sold in the past 12 months in Newport.

Suburb Insights for Newport 3015

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.