Newington Real Estate, VIC, 3350 Ballarat

Thinking about buying in Newington? Now could not be a better time, with a whopping 989 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $864,000 with prices in this suburb ranging from $408,000 to $1,944,000.

Distance to the coast is 74 Km.

Newington Real Estate Market Outlook

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Newington ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Newington provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Newington necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Newington we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Newington a better buying opportunity than it may have been in the past.

About

For Sale

Buxton 21 SALISBURY AV, NEWINGTON, VIC, 3350 3 1 1 $545,000 - $570,000
Buxton 9B DURHAM ST, NEWINGTON, VIC, 3350 3 2 3 $930,000 - $980,000
McGrath 23 SALISBURY AV, NEWINGTON, VIC, 3350 2 1 2 Under Contract
McGrath 8 MURRAY ST, NEWINGTON, VIC, 3350 3 1 1 $650,000 - $670,000
McGrath 1147 EYRE ST, NEWINGTON, VIC, 3350 2 1 $670,000 - $690,000
PRD UNIT 2, 1A REDAN ST, NEWINGTON, VIC, 3350 2 2 1 $699,000 - $739,000

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Local Schools


Newington Public School

(While the above schools are located with the suburb of Newington there may also be nearby schools whose catchments cover this suburb)

Local Crime Stats


Average Local Climate by month


(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.311.827.429.591.95.825.9
Feb1.412.226.135.593.95.821.7
Mar1.110.623.438.195.25.516.8
Apr1.57.818.649.596.94.812.3
May1.85.414.163.597.95.08.7
Jun1.93.611.274.099.04.97.2
Jul2.13.410.574.398.95.77.5
Aug1.93.311.665.198.45.610.4
Sept2.24.614.358.197.15.614.4
Oct1.66.518.149.696.45.419.8
Nov1.68.320.844.796.55.322.6
Dec1.310.324.633.793.85.625.5

source: Australian Government Bureau of Meteorology

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