At number 1377th in the list of Australian suburbs ordered by increase in median house value over the last year, Newington, 2127 is in the top 40% with a property value increase of 7.92% recorded in median house prices.
If we look at median property appreciation over just the last three months, Newington has given property investors a paper return of -4.07%. This puts Suburb as 1232 on a list of fastest fasting appreciating suburbs in NSW
Vendor discounting in Newington is giving property investors an average Vendor Discount of around -4.77%. This puts suburb at number 715th in NSW when ranking the most discounted suburbs.
Residents and property investors in Newington have been waiting around 65.5 days to sell a property.
Property investors who have had real estate in Newington, 2127 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.23%
Newington,2127 has offered an average of 6.23% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -2.99% to buyers in Newington at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 5.08 sales per month, which equates to 61 per year.
Using the current median advertised rental of $547.5 and the average annual increase in value of a median property of 6.48%, investors should hope to achieve an overall return of 3.88%