Newington is a mid-sized suburb in New South Wales within the Parramatta local government area (postcode 2127). With a population of 5,648, the suburb has an established demographic with a median age of 38. Households earn a median income of $128K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, Korean, English.
The median house price in Newington is $2.2 million, having surged 17% over the past year. Units have a median price of $780,000 (-4.9% YoY). The current median weekly rent is $770. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,500.
Newington is served by 1 school, including 1 primary. The average ICSEA score is 1104, which is well above the national average of 1,000. Public transport access includes 11 bus stops. The crime rate in the Parramatta LGA is below average at 3,186 incidents per 100,000 population.
From an investment perspective, Newington offers a gross rental yield of 1.8%, rated as low yield. Property prices are above the state median ($2.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 17.2x is considered stretched. House prices have moved +17.0% year-on-year.
Newington is a mid-sized suburb in New South Wales within the Parramatta local government area (postcode 2127). With a population of 5,648, the suburb has an established demographic with a median age of 38. Households earn a median income of $128K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, Korean, English.
The median house price in Newington is $2.2 million, having surged 17% over the past year. Units have a median price of $780,000 (-4.9% YoY). The current median weekly rent is $770. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,500.
Newington is served by 1 school, including 1 primary. The average ICSEA score is 1104, which is well above the national average of 1,000. Public transport access includes 11 bus stops. The crime rate in the Parramatta LGA is below average at 3,186 incidents per 100,000 population.
From an investment perspective, Newington offers a gross rental yield of 1.8%, rated as low yield. Property prices are above the state median ($2.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 17.2x is considered stretched. House prices have moved +17.0% year-on-year.