89 Aphrasia StreetNewtown VIC 3220
Property Details for 89 Aphrasia St, Newtown
Last Listing description (August 2016)
Secure 10 year lease to 2025 plus options to 2045.
Strong trading centre at near 100% occupancy.
Attractive lease with 3% annual rent increases.
Stunning 92 place child care facility incorporating immaculately restored character-filled buildings enhanced by substantial contemporary purpose-built additions.
Prominent 2,215 sqm corner site in Geelong's most affluent suburb and directly opposite the exclusive Geelong College.
Opened in 2015, providing excellent income tax saving depreciation.
Greater Geelong: Victoria's second largest city with population of 234,999 and forecast to grow to 320,791 (36%) by 2036 (ABS).
Net Income: $339,554 pa.
Property History for 89 Aphrasia St, Newtown, VIC 3220
- 19 Nov 2024Sold for $8,300,000
- 11 Mar 2016Sold for $5,500,000
- 28 Jan 2016Listed for Sale Not Disclosed
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About Newtown 3220
The size of Newtown is approximately 5.8 square kilometres. There are 20 parks, covering nearly 17.4% of the total area. The population of Newtown in 2016 was 10155 people. By 2021 the population was 10445 showing a population growth of 2.9% in the area during that time. The predominant age group in Newtown is 10-19 years. Households in Newtown are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newtown work in a professional occupation.In 2021, 69.20% of the homes in Newtown were owner-occupied compared with 69.60% in 2016.
Newtown has 5,790 properties. Over the last 5 years, Houses in Newtown have seen a 10.64% increase in median value, while Units have seen a 9.03% increase. As at 30 June 2026:
- The median value for Houses in Newtown is $1,264,551 while the median value for Units is $630,873.
- Houses have a median rent of $590 while Units have a median rent of $463.
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