Over the last year, property investments in Newington, 3350 have given investors a capital gain of 11.76%. This compares favourably with the 8.27% for VIC as a whole.
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.
The most recent median price for Newington is $380000, with sellers offering an average of -4.35% off the asking price.
Residents and property investors in Newington have been waiting around 66.17 days to sell a property.
Situated 103.31km from the CBD, Newington is one of Ballarat localities in the postcode 3350.