Property value increases in Newington have tracked just lower than the NSW average of 8.02% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Newington comes in at number 1570th in NSW.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -2.11% offered to property buyers. Sellers in Newington itself are offering an average vendor discount of 0.00% to real estate investors.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of -2.37%, investors should hope to achieve an overall return of 1.48%
Newington, 2127 ranked 93th 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
Newington,2127 was ranked 1384 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Newington should be aiming for at least 0.00% off the asking price, which is the average vendor discount being achieved at the moment.
A $530 per week rent on the median house gives suburb investors a gross yield of circa 5.40%, without taking into account capital value appreciation, which has been averaging out at 0.64%.