Thinking about buying in Newcomb? Now could not be a better time, with 3081 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $663,000 with prices in this suburb ranging from $209,000 to $2,536,000. Newcomb is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Newcomb Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Newcomb 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 Newcomb due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Newcomb leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in Newcomb 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 Newcomb 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 Newcomb

	43 neptune av, newcomb, vic, 3219	3	1	3	$499,000 - $549,000
	unit 1, 126 wilsons rd, newcomb, vic, 3219	2	1	1	$419,000 - $449,000
	153 boundary rd, newcomb, vic, 3219	4	2	3	1000000
	7-8 alma ct, newcomb, vic, 3219	2	1	1	Best Offer Over $358,000 (each unit)

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General Points of Interest

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