Suburb Profile Report for Newington NSW (2127)

Newington House: Median price $1,300,000, Annual capital growth 7.82%, Number of sales 45, Weekly median advertised rent $750

Newington Unit: Median price $722,000, Annual capital growth 6.11%, Number of sales 65, Weekly median advertised rent $550

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of -3.70% for the last 12 months, Newington, 2127 has performed for property investments than its average annual 7.82% property growth over the last 5 years.

While Newington,2127 ranked number 1072th in NSW for increase in median house value (annualised) increase, it is ranked 457th over the last 5 years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.45% offered to property buyers. Sellers in Newington itself are offering an average vendor discount of -3.12% to real estate investors.

Using the current median advertised rental of $750 and the average annual increase in value of a median property of 7.82%, investors should hope to achieve an overall return of 3.00%

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 -0.76%

Over the longer term, Newington has seen property prices show investors a 31.87% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Newington is offering property investors an average of -4.26. This rate of discount on properties puts Suburb at number 352th in terms of most discounted suburbs in NSW

With the median price for a house in Newington being $722000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 3.96%

Metrics i HOUSE UNIT
$1,300,000 $722,000
0.39% -0.07%
-3.70% -0.76%
7.82% 6.11%
$750 $550
45 65
3.00% 3.96%
62.52 68.33

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Newington NSW
Demographics
Total population 5318
Median household income ($/weekly) 2184
Median age of persons 34
Median housing loan repayment ($/monthly) 2600
Average household size 2.7
  • Census Count Percent(%)
    0-4 years 529 9.9
    5-14 years 665 12.5
    25-34 years 1054 19.8
    35-44 years 1148 21.6
    45-54 years 656 12.3
    Others 1267 23.8
    Age Group
    Census Count Percent(%)
    Registered Married 2329 61.0
    Not Married 1192 31.2
    Defacto Relationship 298 7.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2369 47.1
    Croatia 426 8.5
    India 170 3.4
    Lebanon 594 11.8
    Other 224 4.5
    Others 1249 24.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 291 6.0
    Christianity 2854 58.5
    Hinduism 176 3.6
    Islam 164 3.4
    No Religion 1317 27.0
    Others 73 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 222 13.1
    $2,000-$2,499 188 11.1
    $2,500-$2,999 317 18.7
    $3,000-$3,499 167 9.8
    $4,000 or more 158 9.3
    Others 645 38.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2121 54.3
    Not in the labour force 952 24.4
    Employed, worked part-time 586 15.0
    Employed, away from work 134 3.4
    Unemployed, looking for work 110 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 603 21.2
    Professionals 998 35.1
    Technicians & trades workers 214 7.5
    Clerical & administrative workers 457 16.1
    Sales 199 7.0
    Others 371 13.1
    Occupation
    Census Count Percent(%)
    Pre-school 121 9.5
    Infants/Primary 462 36.2
    Secondary 259 20.3
    Technical or Further Educational Institution 109 8.5
    University or other Tertiary Institutions 282 22.1
    Others 42 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2996 59.8
    Flat, unit or apartment 1737 34.7
    Semi-detached, row or terrace house, townhouse 279 5.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 882 48.2
    Rented 600 32.8
    Fully owned 344 18.8
    Other tenure type 5 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals