Suburb Profile Report for Newington VIC (3350)

Newington House: Median price $370,000, Annual capital growth 5.44%, Number of sales 45, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report

Giving property investors a a stable capital gain of 8.82% for the last year, Newington, 3350 is the 1179th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Newington comes in at number 442th in VIC.

Sellers are offering property buyers an average discount of -4.59% to buyers in Newington at the moment, which is less than average for the rest of VIC.

Renters in Suburb are facing rents around $3600 per annum or $300 every week.

HOUSE UNIT
$370,000 N/A
0.00% N/A
8.82% N/A
5.44% N/A
$300 N/A
45 N/A
4.22% N/A
69.53 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 1887
Median household income ($/weekly) 1071
Median age of persons 34
Median housing loan repayment ($/monthly) 1291
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 235 12.5
    15-19 years 312 16.5
    35-44 years 220 11.7
    45-54 years 246 13.0
    55-64 years 223 11.8
    Others 651 34.5
    Age Group
    Census Count Percent(%)
    Registered Married 602 47.8
    Not Married 578 45.9
    Defacto Relationship 79 6.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1675 91.8
    Papua New Guinea 12 0.7
    United Kingdom 36 2.0
    United States of America 8 0.4
    Other 40 2.2
    Others 53 2.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 15 0.9
    Christianity 1205 70.3
    Islam 9 0.5
    Other Religious Groups 6 0.4
    No Religion 475 27.7
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 87 13.6
    $600-$799 68 10.6
    $800-$999 60 9.4
    $1,250-$1,499 64 10.0
    $1,500-$1,999 80 12.5
    Others 281 43.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 629 41.6
    Employed, worked full-time 489 32.4
    Employed, worked part-time 299 19.8
    Employed, away from work 47 3.1
    Unemployed, looking for work 47 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 110 13.2
    Professionals 254 30.5
    Technicians & trades workers 93 11.2
    Clerical & administrative workers 102 12.2
    Sales 88 10.6
    Others 187 22.4
    Occupation
    Census Count Percent(%)
    Pre-school 31 4.9
    Infants/Primary 149 23.7
    Secondary 309 49.0
    Technical or Further Educational Institution 33 5.2
    University or other Tertiary Institutions 98 15.6
    Others 10 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1517 94.6
    Semi-detached, row or terrace house, townhouse 57 3.6
    Flat, unit or apartment 23 1.4
    House or flat attached to a shop, office 6 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 270 39.6
    Rented 206 30.2
    Being purchased 201 29.5
    Other tenure type 4 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals