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%