If you compare the increase in value of investment property in Newington, 2127 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -2.61%.
Newington,2127 was ranked 2527 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Newington is offering property investors an average of -5.23. This rate of discount on properties puts Suburb at number 1114th in terms of most discounted suburbs in NSW
Newington, 2127’s gross rental yield is 2.99%
At number 1127th in the list of Australian suburbs ordered by increase in median house value over the last year, Newington, 2127 is in the BOTTOM 40% with a property value increase of 0.14% recorded in median house prices.
While Newington,2127 ranked number 317th in NSW for increase in median house value (annualised) increase, it is ranked 268th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Newington is offering property investors an average of -4.12. This rate of discount on properties puts Suburb at number 456th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Newington the average time real estate has been on the market is 52.55 days.
Property investors should expect to get $550 weekly from the median priced house in this suburb.