Residential
Explore
Who’s got top market share?
An oasis in Sydney’s west, Newington has become a highly sought-after suburb with steadily growing house prices over the past few years. Green open parklands, local restaurants and a friendly neighbourhood vibe are all working in Newington’s favour, not to mention proximity to Sydney’s premier entertainment venue - Olympic Park Stadium. Families are flocking to the area, taking advantage of the high performing schools and easy commute to the city. A new sales office would do well in this vibrant suburb.
Let’s look at the market share in the area. Newington Village Real Estate has the highest market share at 35%, followed by Green Park Realty at 26%. Property Nest Estate Agents rounds out the top three with 19%.
Newington is predominantly made up of young families at 63% of the population with an average age of 20-39. According to CoreLogic data, the most popular property types in the area are three-bedroom houses selling for an average of $1.3 million, and two-bedroom units for an average of $730K. There is also an excellent opportunity for a lucrative rent roll with 34% of residents renting for an average of $760 per week.
Newington’s friendly community, amenities, and the short distance to Sydney CBD makes it the perfect spot for young families. A sales office looking for a growing market and a lucrative rent roll would do very well in this suburb. If it’s a place of interest for you, we can help you build a competitive business. Talk to us today.
