Newington is a small community in Victoria within the Ballarat local government area (postcode 3350). With a population of 1,844, the suburb has an established demographic with a median age of 39. Households earn a median income of $88K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Newington is $618,000, having dropped significantly 8.5% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,517.
Public transport access includes 10 bus stops. The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Newington offers a gross rental yield of 3.5%, rated as moderate yield. Property prices are near the state median ($618K/$875K). The price-to-income ratio of 7.0x is considered moderate. House prices have moved -8.5% year-on-year.
Newington is a small community in Victoria within the Ballarat local government area (postcode 3350). With a population of 1,844, the suburb has an established demographic with a median age of 39. Households earn a median income of $88K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Newington is $618,000, having dropped significantly 8.5% over the past year. The current median weekly rent is $410. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,517.
Public transport access includes 10 bus stops. The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Newington offers a gross rental yield of 3.5%, rated as moderate yield. Property prices are near the state median ($618K/$875K). The price-to-income ratio of 7.0x is considered moderate. House prices have moved -8.5% year-on-year.