Newington is an average performer in VIC when comparing median price capital growth over the last year. Newington gave property investors a average capital gain figure when compared to the rest of the state, with 7.86%.
While Newington,3350 ranked number 255th in VIC for increase in median house value (annualised) increase, it is ranked 193th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.99% offered to property buyers. Sellers in Newington itself are offering an average vendor discount of -5.44% to real estate investors.
Often selling an investment property can take time, and in Newington the average time real estate has been on the market is 66.68 days.
Renters in Suburb are facing rents around $3600 per annum or $300 every week.