Newington

POSTAL CODE: NSW, 2127
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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 4.44% growth over a ten-year period. It ranks 3328th on our list of suburbs that property investors should look into.

NEWINGTON, 2127 has a capital gain of -2.08% for the past year, which is lower than average compared to its 34.77% growth within a five-year period.

With the median home price in NEWINGTON sitting at $1,880,000, and the average rent at $1000, property owners could potentially earn a 2.77% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in NEWINGTON are low, as opposed to average gains per annum over the past five years.

NEWINGTON, 2127 in NSW belongs to the local government area of Parramatta.

Surburb overview

Newington, situated approximately 19.6 kilometres west of Sydney's Central Business District, falls under the jurisdiction of the City of Parramatta local government area. The suburb spans 0.93 square kilometres and sits at an elevation of 18 metres above sea level.

According to the 2021 Census, Newington had a population of 5,648 residents living in 2,067 dwellings, with an average household size of 2.86 persons. The median age was 34 years. Approximately 44.5% of the population was born in Australia, with significant communities originating from South Korea (11.2%), China (8.0%), and Hong Kong (3.2%).

Public transportation in Newington includes several bus routes, such as the 525, 526, and 544, providing connections to Parramatta, Strathfield, and Sydney Olympic Park. The nearest train station is Olympic Park Station, located approximately 1.9 kilometres away, offering access to the T7 line.

Essential amenities are available at Newington Marketplace, which features a diverse range of shops, cafes, and services. The suburb is also in proximity to larger commercial centres, including Rhodes Waterside and Westfield Parramatta.

Recreational facilities in Newington are notable, with the suburb bordering Sydney Olympic Park. The Louise Sauvage Pathway, a 6.3-kilometre sealed route suitable for walking and cycling, runs alongside Newington and provides access to the Newington Armoury and surrounding parklands. Additionally, Blaxland Riverside Park offers open spaces and playgrounds for community use.

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