Newington vs Pitt Town

The median house price is $1.9M in Newington and $1.9M in Pitt Town, so Newington is the cheaper entry point, with Pitt Town houses about 1% dearer.

For units, Newington sits at a median of $845K against $760K in Pitt Town, which makes Pitt Town the more affordable unit market and Newington the pricier one.

On cash flow, Newington leads: houses there return a gross rental yield of 2.83%, compared with 2.46% in Pitt Town, a gap of 0.37 percentage points.

Over the past year house prices moved +2.5% in Newington and +8.3% in Pitt Town, so recent momentum favours Pitt Town, although both suburbs recorded growth.

Looking back three years, Newington houses are +12.9% and Pitt Town houses +3.8%, so Newington has compounded faster than Pitt Town over the longer window.

Rental vacancy is 1.9% in Newington and 3.8% in Pitt Town, so landlords in Newington face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Newington is the bigger suburb, with a population of 5,648 against 3,871, larger than Pitt Town; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Newington for rental income, Newington for a lower purchase price, Pitt Town for recent price momentum, Newington for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.