Investment property in Newington has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.96%
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.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.19% offered to property buyers. Sellers in Newington itself are offering an average vendor discount of -5.87% to real estate investors.
On average over the past year, suburb has had 3.17 sales per month, which equates to 38 per year.
Advertised rents are around the $300 mark per week – giving a return of 3.56% based on the median price in Suburb