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Investment Property New Norfolk, TAS, 7140

Suburb Snapshot

New Norfolk is a suburb in the Derwent Valley Region of Tasmania. New Norfolk has a population of 5,432 people and 30.35% of its occupants live in rental accommodation. The median listing price for houses is $475,000 and this has changed -4.05% over the past year and changed -2.07% over 2 years.

The median rent in New Norfolk for houses is $460 per week and the median rental yield is 5.03%. Stock on the market for houses/townhouses has changed 8.45% compared to last year and the average time to sell a house/townhouse is 123 days.The median listing price for units is NA and this has changed NA over the past year. The average unit takes NA days to sell and the median rent for a unit in New Norfolk is $370 per week, producing a rental yield of NA.

Supply & Demand in New Norfolk, Derwent Valley

0.55%

Current vacancy rate


16

Rental stock available


5,432

Population


30.35%

Rental population


0.31%

Current vacancy rate


18

Rental stock available


10,024

Population


21.43%

Rental population


0.49%

Current vacancy rate


1,351

Rental stock available


509,956

Population


23.11%

Rental population


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Statistical data for New Norfolk, Derwent Valley

  House Townhouses Units
Median listing price $475,000 NA NA
Median price change - last quarter 1.71% NA NA
Median price change - 1 year -4.05% NA NA
Median price change - 2 years -2.07% NA NA
  House Townhouses Units
Median weekly rent $460 NA $370
Median yield % 5.03% NA NA
Median rent change - 1 year 2.22% NA 5.71%
  House Units
Previous month sales 9 1
Stock on market previous month 77 5
Stock variance vs. last year 8.45% 150.00%
Average days on market 123 NA

New Norfolk investment property listings

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