Suburb Profile Report for Newington VIC (3350)

Newington House: Median price $473,000, Annual capital growth 6.74%, Number of sales 50, Weekly median advertised rent $340

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Newington is in the TOP 30% in VIC 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 4.76%.

Over the longer term, Newington has seen property prices show investors a 26.13% return over the last 3 years. This is worse than over the last 12 months

Newington, 3350 is offering VIC ‘s 344th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

On average over the past year, suburb has had 4.17 sales per month, which equates to 50 per year.

Advertised rents are around the $340 mark per week – giving a return of 3.74% based on the median price in Suburb

Metrics i HOUSE UNIT
$473,000 N/A
0.00% N/A
4.76% N/A
6.74% N/A
$340 N/A
50 N/A
3.74% N/A
43.5384615384615 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Below average (U)
Find a mortgage broker in Newington VIC
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