If you compare the increase in value of investment property in Newington, 2127 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -23.57%.
Newington,2127 was ranked 4019 in Australia by increase in median property value over the quarter.
On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.
Advertised rents are around the $740 mark per week – giving a return of 3.60% based on the median price in Suburb
Newington is in the TOP 30% in NSW when comparing median price capital growth over the last year. Newington gave property investors a good capital gain figure when compared to the rest of the state, with -1.18%.
Over the longer term, Newington has seen property prices show investors a -2.26% return over the last 3 years. This is an improvement over the last 12 months
Property buyers and investors in Newington 2127 should be seeing an average reduction in asking price of around -6.57% . This means that Newington is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Newington the average time real estate has been on the market is 109.273 days.
Newington, 2127’s gross rental yield is 3.94%