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Newington Suburb Insights
VICLocation Information
Suburb Name
Newington, VIC
Distance from CBD
24.5 kmDemographics
Population
5,802
Median Income
$51,792
Area Information
Area
0.93 km²
Population Density
6239 people/km²
Property Market
Median Price
$968,434
Annual Growth
+18.2%Property Price Trend Analysis
Current Median Price
$968,434
Annual Growth
+18.2%
Quarterly Growth
+2.6%
Price Trends - Last 6 Months
2024-01
$771,208
+5.4%2024-02
$662,011
+8.4%2024-03
$629,550
+11.6%2024-04
$733,485
+16.1%2024-05
$423,154
+16.2%2024-06
$425,720
+9%Property Type Price Analysis
House
Median Price
$1,277,374
Growth Rate
+12.5%Available Listings
332 properties
Apartment
Median Price
$460,470
Growth Rate
+14.5%Available Listings
404 properties
Townhouse
Median Price
$579,957
Growth Rate
+6.4%Available Listings
56 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy