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Condo prices · D05

Newest

West Coast Drive · D05 · Outside central region · Apartment

The median sale at Newest was $2,410,000 — $1,096 psf — across 39 transactions between Oct 2021 and Sept 2026. 956-year lease from 1928.

Median price
$2,410,000
39 sales in the window.
Median per sq ft
$1,096 psf
Median unit 2,400 sq ft.
Lease remaining
858 years
956-year lease from 1928

What it costs per month of lease

A lease is a wasting asset. Spread the median price across the months of lease that are left and the figure is comparable between a dear flat with a long lease and a cheap one with a short one — which is the comparison a price alone cannot make.

Price per month of lease
$234
$2,410,000 over 858 years remaining.
Per sq ft per year
$1.17
What a square foot of this development costs for one year of lease.
Lease expires
2884
10 per cent of the lease already run.

This is the purchase price divided by the lease, and nothing else. It excludes stamp duty, the interest on a mortgage, maintenance and property tax. The calculator adds those.

Year by year

Too few sales in one or both ends of the window to quote a change, so the years are given as they are.

  • 2021two sales$1171
  • 202211 sales$1032
  • 2023seven sales$1000
  • 2024six sales$1491
  • 2025seven sales$1104
  • 2026six sales$1605
Show the figures
YearMedian pricePer sq ftSales
2021$1,801,644$1,171 psf2
2022$2,450,000$1,032 psf11
2023$2,550,000$1,000 psf7
2024$1,198,844$1,491 psf6
2025$2,650,000$1,104 psf7
2026$1,049,000$1,605 psf6

What it rents for

URA’s median of rental contracts lodged at Newest in 2026Q3, per square foot per month.

Median rent per sq ft
$5.59
A month. Middle half of contracts ran $4.43 to $5.87.
Gross yield
6.12%
A year of median rent against the median sale price.
Median sale per sq ft
$1,096 psf
The figure the rent is divided into.

Gross, and the word is doing work. It is before property tax, maintenance and sinking fund, agent commission on each new tenancy, the months between tenants, income tax on the rent, and the mortgage. A net figure would need assumptions about a particular buyer that this site does not get to make.

Other developments in D05

Transactions from the Urban Redevelopment Authority, covering Oct 2021 to Oct 2026. URA publishes a rolling five-year window; months before it are held in this site’s own archive. A caveat is lodged after a sale is agreed, so the most recent weeks are always incomplete.