Suburb Profile
Newington - FREE SUBURB PROFILE REPORT POSTAL CODE: VIC,3350
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $415,000.
The upward trend in home prices in NEWINGTON, 3350 averaged 6.58% per annum over a 3-year period.
Average weekly rents on listings have reached the $290 mark, reflecting a 3.63% increase in returns based on the current median price in NEWINGTON.
An average of 4.17 real estate transactions take place per month in NEWINGTON which translates to 50 per annum.
50 properties were sold in NEWINGTON in 2016, making it the 178th most active market in VIC based on total real estate transactions.
NEWINGTON, 3350 places 412th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $415,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.84% | N/A |
| Median 12 month | 11.41% | N/A |
| Median 3 years | 19.73% | N/A |
| Median 5 years | 38.33% | N/A |
| 10 years average annual | 4.94% | N/A |
| Weekly media advert. rent | $290 | N/A |
| Time on Market | 63.1 days | N/A |
| Gross Rental Yield Percent | 3.63% | N/A |
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Nice blog .. love to read
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in one word, i say REAL ESTATE SUCCESS