VIC/
Newington

Suburb Profile

Newington - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3350

house

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
demographics (median values)
Total Population
1747
Weekly Household Income
936.4
Household Size
2.20
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Newington, VIC
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