If you compare the increase in value of investment property in Newington, 2127 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 1.22%.
Newington,2127 was ranked 1960 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Newington itself are offering an average vendor discount of -2.77% to real estate investors.
Often selling an investment property can take time, and in Newington the average time real estate has been on the market is 61.52 days.
With the median price for a house in Newington being $1325000 and the advertised rent reaching $750 the gross rental yield for property investors calculates out to be 2.94%
Newington, 2127 ranked 453th 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
Comparing Newington,2127 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Newington are currently offering property investors an average price cut of -1.35% below the asking price at the moment.
Situated 10.42km from the CBD, Newington is one of Auburn localities in the postcode 2127.