Property News You Need To Know: The Week Ending 19 September
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Property investors enjoyed capital gains of 7.09% over the last 12 months in NEWINGTON, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 6.92% growth over a ten-year period. It ranks 1007th on our list of suburbs that property investors should look into.
NEWINGTON, 2127 has a capital gain of 7.09% for the past year, which is higher than average compared to its 5.19% growth within a five-year period.
With the median home price in NEWINGTON sitting at $1,420,000, and the average rent at $750, property owners could potentially earn a 2.75% 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 12 month||7.09%||4%|
|Median 3 years||2.16%||-1.38%|
|Median 5 years||5.19%||-3.05%|
|10 years average annual||6.92%||3.95%|
|Weekly media advert. rent||$750||$520|
|Time on Market||36.5 days||54.1 days|
|Gross Rental Yield Percent||2.75%||3.78%|