Newington, 2127 ranked 1211th in NSW when comparing growth in median property values or capital gain over the last 12 months. Newington is one of 3163 in our list for NSW
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Newington has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Newington should be aiming for at least -3.17% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 3.50 sales per month, which equates to 42 per year.
Advertised rents are around the $750 mark per week – giving a return of 3.02% based on the median price in Suburb
Investment property in Newington has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.21%
While Newington,2127 ranked number 417th in NSW for increase in median house value (annualised) increase, it is ranked 260th over the last 5 years.
Sellers are offering property buyers an average discount of -2.64% to buyers in Newington at the moment, which is less than average for the rest of NSW.
Advertised rents are around the $550 mark per week – giving a return of 3.97% based on the median price in Suburb