Newport
The median rent for a 2-bedroom unit in Newport is $575 a week for leases that started in the year to September 2025, up 1.8% on a year earlier. That is 5% above the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $1,270,000 for a house and $710,000 for a unit. A year of rent for that home is about 4.0% of its median sale price (gross rental yield). The rent data covers Newport-Spotswood as one area, so these rent figures are shared by Newport, Spotswood.
Median rent in Newport
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $455 | +5.8% | 136 |
| 2-bedroom unit | $575 | +1.8% | 275 |
| 3-bedroom unit | $725 | -2.0% | 79 |
| 2-bedroom house | $580 | +5.5% | 61 |
| 3-bedroom house | $700 | 0.0% | 154 |
| 4-bedroom house | $925 | +2.8% | 55 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $1,270,000 | Mar 2026 quarter |
| Unit | $710,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Alphington $575 a week
- Doncaster East $575 a week
- Donvale $575 a week
- Fairfield $575 a week
- Kew $575 a week
- St Kilda East $575 a week