Over the last year, property investments in Newington, 2127 have given investors a capital gain of 18.53%. This compares very favourably with the 8.99% for NSW as a whole.
Across a shorter period, Newington, 2127 has seen a median price increase of 0.00% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Newington is offering property investors an average of -5.52. This rate of discount on properties puts Suburb at number 622th in terms of most discounted suburbs in NSW
A $730 per week rent on the median house gives suburb investors a gross yield of circa 2.81%, without taking into account capital value appreciation, which has been averaging out at 8.37%.
If you compare the increase in value of investment property in Newington, 2127 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 13.95%.
Across a shorter period, Newington, 2127 has seen a median price increase of 1.38% over the last quarter.
Newington, 2127 is offering NSW ‘s 407th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this NSW.