Suburb Profile Report for Newington VIC (3350)

Newington House: Median price $500,000, Annual capital growth 7.29%, Number of sales 43, Weekly median advertised rent $350

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Property value increases in Newington have tracked just higher than the VIC average of 2.87% over the last 12 months.

A 49.25% growth in median value for property investors in Newington,3350 puts this suburb at number 617th in terms of best performing suburbs in VIC

Property investors looking for a bargain in Newington should be aiming for at least -6.70% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Newington have been waiting around 45.2414 days to sell a property.

Metrics i HOUSE UNIT
$500,000 N/A
-0.74% N/A
7.07% N/A
7.29% N/A
$350 N/A
43 N/A
3.64% N/A
45.2413793103448 N/A

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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