Question 1

Is Newington a nice place to live?

Accepted Answer

Newington is an established residential suburb of Ballarat with a quiet, lived-in feel and tree-lined streets. Housing is mainly modest post-war brick houses and older weatherboard cottages, with pockets of newer infill sitting alongside long-standing family homes. Local parks, sporting clubs and neighbourhood shops mean everyday errands and recreation are close to hand, and the area suits people who want convenience without the bustle of the CBD.

The suburb is home to 1,844 people, has a median age of 39 and a median household income of $1,695 a week (about $88,140 a year). It is weighted towards couples and families and most homes are owner-occupied, about 71.1% in total. Newington has easy access to Ballarat’s rail services and major roads, and recent works around the Sturt Street, Russell Street and Morrison Street intersection and upgrades at Victoria Park have improved crossings and local facilities. Whether it suits you depends on what you value in a neighbourhood.

Question 2

Is it expensive to live in Newington?

Accepted Answer

Renting a house in Newington runs to about $430 a week. Against a typical local household income of $1,695 a week as recorded at the last Census, that rent would take roughly 25.4% of a household's weekly income, which sits in the moderate share range. For people focused on renting, that rent share is the number that matters when judging how expensive the suburb feels.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Newington a good place to invest?

Accepted Answer

House values in Newington fell 7.0% over the past 12 months, a notable decline in what houses are worth. Over the same period, house rents rose 4.9%, a modest increase, so the income a house can earn moved differently to its price.

For someone weighing Newington up as an investment, those two figures matter: the value change reflects capital movement for houses over the year, while the rent change shows how rental income moved. Whether that mix fits your goals and circumstances is for you to decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	-7.0%	N/A
Sold Past 3 months	9	N/A
Median days on market Past 12 months	29	N/A
Average rent Past 12 months	$430	N/A
Change in rent Past 12 months	4.9%	N/A

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