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Newington

POSTAL CODE: VIC, 3350
HOUSE

Based on its average 5-year and quarterly capital gains, the suburb saw average decrease 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 $583,000.

The downward trend in home prices in NEWINGTON, 3350 averaged -4.33% per annum over a 3-year period.

Average weekly rents on listings have reached the $420 mark, reflecting a 3.75% increase in returns based on the current median price in NEWINGTON.

An average of 4 real estate transactions take place per month in NEWINGTON which translates to 48 per annum.

48 properties were sold in NEWINGTON in 2016, making it the 194th most active market in VIC based on total real estate transactions.

NEWINGTON, 3350 places 663rd in Australia based on median property value growth during the quarter.

Surburb overview

Newington is an established residential suburb of Ballarat in Victoria, located approximately 105 kilometres north-west of Melbourne’s central business district and about 2 kilometres west of Ballarat Central.

The suburb forms part of the City of Ballarat local government area and is positioned between Lake Wendouree and Delacombe.

According to the 2021 Census, Newington had a population of 2,385, reflecting its character as a small inner-west suburb of Ballarat.

Newington developed during the late 19th and early 20th centuries and retains several period homes, including Victorian and Federation-era dwellings.

Residential streets are generally tree-lined, and housing consists predominantly of detached properties, with limited medium-density development.

The suburb is located close to Lake Wendouree and Victoria Park, providing access to walking tracks, sporting facilities and open space.

Retail and commercial services are primarily accessed in nearby Ballarat Central and along Sturt Street, where supermarkets, hospitality venues and professional services are concentrated.

Educational facilities in the surrounding area include primary and secondary schools, with additional options available across Ballarat.

Public transport is supported by bus services linking Newington to Ballarat railway station, which offers V/Line train services to Melbourne’s CBD via the Ballarat line.

Newington experiences a temperate climate with warm summers and cool to cold winters, consistent with Ballarat’s elevated inland setting.

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