If you compare the increase in value of investment property in Newington, 2127 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 2.38%.
While Newington,2127 ranked number 946th in NSW for increase in median house value (annualised) increase, it is ranked 363th over the last 5 years.
Sellers are offering property buyers an average discount of -3.17% to buyers in Newington at the moment, which is less than average for the rest of NSW.
Advertised rents are around the $750 mark per week – giving a return of 3.02% based on the median price in Suburb
Giving property investors a an average capital gain of 0.70% for the last year, Newington, 2127 is the 1023th highest performer in Australia in this respect.
While Newington,2127 ranked number 407th in NSW for increase in median house value (annualised) increase, it is ranked 241th over the last 5 years.
Our latest figures would indicate that property sellers in Newington are currently offering property investors an average price cut of -2.80% below the asking price at the moment.