Newington, VIC 3350

Newington has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 7.2%, before expenses, tax and loan costs. Capital growth of +10.3% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

The median property price in Newington, VIC 3350 is $620K for houses and $295K for units.

The gross rental yield in Newington is 7.2% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

House prices in Newington are up 10.3% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

The current vacancy rate in Newington is 2.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.

Newington has a population of approximately 1,844 residents, with a median age of 39.

There are 46 schools within roughly 5km of Newington. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.

A median house in Newington costs about 7.0 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

The population of Newington has grown about 10% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.