11 Gregory Avenue, Newman WA 6753
11 Gregory Avenue, Newman WA 6753
4 bed house | corporate lease to 2026 | $950/week return | renovated throughout | Newman industrial proximity
This is a competitively strong property for Newman, mainly because of its configuration and tenancy structure. A four-bedroom house with one bathroom and two car spaces sits above the typical three-bedroom stock that dominates the local market, which gives it a clear edge for families or higher-paid workers who need the extra room. The renovation work, including the new kitchen, roof, and split-system air conditioning, means the house presents well without demanding immediate upkeep, and the fully furnished setup with a long-term corporate mining lease through to the end of 2026 offers rare income certainty. That lease, at $950 per week, points to strong demand from the resource sector, and the location near the industrial estate and schools makes it practical for both investors and owner-occupiers tied to local employment. The large covered outdoor area adds functional living space that suits the climate and the lifestyle expectations of tenants or owners.
The value of this property may be shaped by a few factors that are worth weighing carefully. The single bathroom could limit appeal for larger families or shared accommodation arrangements, and the absence of a confirmed build year means the underlying structure may be older than the renovated finish suggests, which might affect long-term maintenance expectations. The reliance on a single corporate tenant, while secure in the short term, could expose the income stream to shifts in mining activity or contractor demand, so the strength of the lease should be balanced against that cyclical risk. The land size of 688 square metres is reasonable but not exceptional, and the lack of clear aspect or outlook data means the street position may not offer any premium beyond the practical location.
|| Comparable Sales: 16 Gregory Avenue sold around $380,000–$419,000; 10 Nicholls Place listed near high-$300k range | Property Price Band: $500,000–$600,000 | Value Drivers: renovation quality, four-bedroom layout, long corporate lease income
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Gregory Avenue, Newman WA 6753
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Newman WA 6753 is a remote residential market with a median house price of $368,500 and 10.49% annual growth, though recent figures range from $344,500 to $372,500. Houses spent 41–73 days on market. Units have declined 5.15% to $207,000. Rental yields are exceptionally high at 12.84% for houses and 13.06% for units, with median weekly rents of $750 and $600. Demand is driven by a dominant 30–39 age cohort and high household incomes. Annual house sales remain steady at 76–77. Key risks include unit price weakness and days-on-market variability, while future growth drivers are not evident in the data.
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PropCred Estimated Value
Comparable Sales: 16 Gregory Avenue sold around $380,000–$419,000; 10 Nicholls Place listed near high-$300k range | Property Price Band: $500,000–$600,000 | Value Drivers: renovation quality, four-bedroom layout, long corporate lease income
Bedrooms
4
Bathroom
1
Parking
2
Land
688m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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