Newington vs Wallan
Property investment comparison - Newington, VIC 3350 vs Wallan, VIC 3756
Head-to-head across core investment metrics: Newington wins 4, Wallan wins 0. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Newington | Wallan |
|---|---|---|
| Median house price | $620K | $620K |
| Median unit price | $295K | $465K |
| Gross rental yield (houses) | - | 4.00% |
| Gross rental yield (units) | 7.17% | 4.77% |
| 1-year house growth | +10.3%estimate | +0.0% |
| 3-year house growth | - | -0.8% |
| Vacancy rate | 2.1% | 2.1% |
| Population | 1,844 | 15,004 |
Newington vs Wallan: what the numbers say
Houses cost about the same in both suburbs: the median house price is $620K in Newington and $620K in Wallan.
For units, Newington sits at a median of $295K against $465K in Wallan, which makes Newington the more affordable unit market and Wallan the pricier one.
Over the past year house prices moved +10.3% in Newington (an estimate) and +0.0% in Wallan, so recent momentum favours Newington, although both suburbs recorded growth.
Rental vacancy is the same in both, at 2.1%.
Wallan is the bigger suburb, with a population of 15,004 against 1,844, roughly 8 times the size of Newington; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Newington for recent price momentum. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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