What is the true cost of buying an apartment in Newington?

The median apartment in Newington is $780,000. Including stamp duty ($29,630), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $59,828, or $4,986/month.

What does it really cost to buy a house in Newington?

The median house in Newington is $1,650,000. True first-year cost including stamp duty ($73,160), rates, insurance, maintenance, and mortgage repayments is approximately $113,466.

What is the vacancy rate in Newington?

Newington currently has a vacancy rate of 1.8%. Properties average 32 days on market.

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True Cost of Buying in Newington

2127 NSW · 14km to CBD

Stable

A decision, not just a search · Newington

Does the lower estimated monthly cost make a property the better buy?

Only under the assumptions entered—and cost is not the whole decision. This model compares scenarios, not lender approval, building condition or personal suitability. Replace defaults with current quotes and documents, then test whether the cost remains manageable when circumstances change.

Questions that could change the answer

Which costs are current supplied figures, and which are model defaults?
What happens to your buffer if interest, repairs or vacancy costs rise?
What finance, contract or inspection condition remains unresolved before an offer?

Evidence to obtain—not yet verified here

Current lender terms and approval conditions, not only a borrowing estimate.
Dated levy notices, rates, insurance quotes and maintenance information.
Contract advice, inspection findings and comparable sales evidence.

Other options: Lower the price limit, compare another property or wait for critical checks. A favourable model result is not a recommendation to make an unconditional offer.

Next action: Re-run the existing calculator with documented inputs, then agree your conditions and walk-away point with the relevant professionals.

When to revisit: Revisit when any input, approval condition, price or property finding changes.

General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.

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Market Intelligence

Newington is a unique planned suburb in Sydney's Inner West, originally developed as the Olympic Village for the 2000 Sydney Olympics. Located 14km west of Sydney CBD, it offers a distinctive urban environment with modern apartment complexes, townhouses, and waterfront properties along Homebush Bay. The suburb is characterized by its young demographic profile, high educational attainment, and strong community focus centered around quality amenities including Newington College and extensive parklands. With excellent transport connectivity via Olympic Park station and proximity to major employment centers in Parramatta and Sydney CBD, Newington attracts professionals and families seeking a contemporary lifestyle. The area benefits from world-class sporting and recreational facilities at Sydney Olympic Park, while maintaining a village-like atmosphere through planned urban design. Property values have shown steady growth due to limited supply and strong demand from both owner-occupiers and investors. The suburb's multicultural community, quality schools, and recreational amenities make it particularly appealing to families, though limited local shopping requires residents to travel to nearby centers for daily needs.

Prestigious Newington College providing excellent educational opportunitiesExcellent transport connectivity with Olympic Park station and multiple bus routesWorld-class recreational facilities at Sydney Olympic Park and Bicentennial ParkPlanned urban environment with modern housing stock and waterfront propertiesStrong community focus with active resident associations and local events

Market Snapshot

Median House

$1.6M

+7.2% 1yr

Median Apartment

$780K

+6.8% 1yr

Median Townhouse

$1.2M

Vacancy Rate

1.8%

32 avg DOM

Yield (Apartment)

4.8%

Yield (House)

3.2%

Auction Clearance

78%

Population

4,200

True Cost Breakdown

Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier

Apartment

$4,986/mo

Purchase Price

$780,000

Stamp Duty

$29,630

1st Year Total

$59,828

House

$9,456/mo

Purchase Price

$1,650,000

Stamp Duty

$73,160

1st Year Total

$113,466

Townhouse

$6,910/mo

Purchase Price

$1,200,000

Stamp Duty

$48,530

1st Year Total

$82,916

Run Your Own Numbers

These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.

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