Suburb Profile Report for Newington NSW (2127)

Newington House: Median price $1,290,000, Annual capital growth 7.82%, Number of sales 42, Weekly median advertised rent $750

Newington Unit: Median price $720,000, Annual capital growth 6.26%, Number of sales 63, Weekly median advertised rent $550

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Newington, 2127 ranked 1211th 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

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Newington has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Newington should be aiming for at least -3.17% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 3.50 sales per month, which equates to 42 per year.

Advertised rents are around the $750 mark per week – giving a return of 3.02% based on the median price in Suburb

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 -0.21%

While Newington,2127 ranked number 417th in NSW for increase in median house value (annualised) increase, it is ranked 260th over the last 5 years.

Sellers are offering property buyers an average discount of -2.64% to buyers in Newington at the moment, which is less than average for the rest of NSW.

Advertised rents are around the $550 mark per week – giving a return of 3.97% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,290,000 $720,000
0.78% -0.35%
-1.45% -0.21%
7.82% 6.26%
$750 $550
42 63
3.02% 3.97%
57.42 81.65

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 5318
Median household income ($/weekly) 2184
Median age of persons 34
Median housing loan repayment ($/monthly) 2600
Average household size 2.7
  • Census Count Percent(%)
    0-4 years 529 9.9
    5-14 years 665 12.5
    25-34 years 1054 19.8
    35-44 years 1148 21.6
    45-54 years 656 12.3
    Others 1267 23.8
    Age Group
    Census Count Percent(%)
    Registered Married 2329 61.0
    Not Married 1192 31.2
    Defacto Relationship 298 7.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2369 47.1
    Croatia 426 8.5
    India 170 3.4
    Lebanon 594 11.8
    Other 224 4.5
    Others 1249 24.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 291 6.0
    Christianity 2854 58.5
    Hinduism 176 3.6
    Islam 164 3.4
    No Religion 1317 27.0
    Others 73 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 222 13.1
    $2,000-$2,499 188 11.1
    $2,500-$2,999 317 18.7
    $3,000-$3,499 167 9.8
    $4,000 or more 158 9.3
    Others 645 38.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2121 54.3
    Not in the labour force 952 24.4
    Employed, worked part-time 586 15.0
    Employed, away from work 134 3.4
    Unemployed, looking for work 110 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 603 21.2
    Professionals 998 35.1
    Technicians & trades workers 214 7.5
    Clerical & administrative workers 457 16.1
    Sales 199 7.0
    Others 371 13.1
    Occupation
    Census Count Percent(%)
    Pre-school 121 9.5
    Infants/Primary 462 36.2
    Secondary 259 20.3
    Technical or Further Educational Institution 109 8.5
    University or other Tertiary Institutions 282 22.1
    Others 42 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2996 59.8
    Flat, unit or apartment 1737 34.7
    Semi-detached, row or terrace house, townhouse 279 5.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 882 48.2
    Rented 600 32.8
    Fully owned 344 18.8
    Other tenure type 5 0.3
    Tenure Type
Census 2011, ABS
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