Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
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A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 6.94% growth over a ten-year period. It ranks 622nd on our list of suburbs that property investors should look into.
NEWINGTON, 2127 has a capital gain of -12.67% for the past year, which is lower than average compared to its 19.09% growth within a five-year period.
With the median home price in NEWINGTON sitting at $1,179,000, and the average rent at $750, property owners could potentially earn a 3.31% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in NEWINGTON are high, as opposed to average gains per annum over the past five years.
NEWINGTON, 2127 in NSW belongs to the local government area of Parramatta (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,179,000 | $690,000 |
| GROWTH REPORT | ||
| Median Quarterly | 10.19% | -2.82% |
| Median 12 month | -12.67% | -2.82% |
| Median 3 years | -9.31% | -4.17% |
| Median 5 years | 19.09% | 14.05% |
| 10 years average annual | 6.94% | 3.98% |
| Weekly media advert. rent | $750 | $540 |
| Time on Market | 158.5 days | 121.4 days |
| Gross Rental Yield Percent | 3.31% | 4.07% |
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