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Investment Property New Town, TAS, 7008

Suburb Snapshot

New Town is a suburb in the Hobart Region of Tasmania. New Town has a population of 6,123 people and 34.17% of its occupants live in rental accommodation. The median listing price for houses is $882,500 and this has changed -1.40% over the past year and changed 0.56% over 2 years.

The median rent in New Town for houses is $550 per week and the median rental yield is 3.24%. Stock on the market for houses/townhouses has changed -2.94% compared to last year and the average time to sell a house/townhouse is 93 days.The median listing price for units is $460,000 and this has changed 2.22% over the past year. The average unit takes 43 days to sell and the median rent for a unit in New Town is $400 per week, producing a rental yield of 4.52%.

Supply & Demand in New Town, Hobart

0.97%

Current vacancy rate


31

Rental stock available


6,123

Population


34.17%

Rental population


1.32%

Current vacancy rate


350

Rental stock available


50,445

Population


30.68%

Rental population


0.71%

Current vacancy rate


1,941

Rental stock available


509,956

Population


23.11%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for New Town, Hobart

  House Townhouses Units
Median listing price $882,500 $600,000 $460,000
Median price change - last quarter -1.40% -5.89% 2.22%
Median price change - 1 year -1.40% NA 2.22%
Median price change - 2 years 0.56% NA 4.54%
  House Townhouses Units
Median weekly rent $550 $480 $400
Median yield % 3.24% 4.16% 4.52%
Median rent change - 1 year -0.91% -17.25% 0.00%
  House Units
Previous month sales 0 0
Stock on market previous month 33 12
Stock variance vs. last year -2.94% 140.00%
Average days on market 93 43

New Town investment property listings

Showing 5 of 27 investment properties found in New Town on realestateinvestar.com.au

12/119 New Town Rd, New Town

$750,000

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Convenience and Location

Welcome to this stunning 3 bedroom, 3 bathroom unit located at 12/119 New Town Road in the highly sought-after suburb of New Town. This property offers a modern and spacious living space with a garage and carport, perfect for those looking for convenience and comfort. The unit features three ...

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Unit

TAS 7008


42 Tower Rd, New Town

$799,000

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When Character Meets Contemporary!

Occupying a coveted position within one of Hobart's most desirable suburbs, this circa-1930's home combines enchanting old-world charm and character with contemporary comfort in the heart of New Town. Upon entry to this character property, you are greeted by a wide hallway that expands to all ...

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House

TAS 7008


1/106 New Town Rd, New Town

$499,000

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PROMINENT HIGH PROFILE LOCATION

Perfect opportunity for first-time buyers or investors looking for a property with great potential. With 2 bedrooms, 1 bathroom, and 1 toilet, this property offers comfortable living spaces , work from home or office space in a prominent and highly visible location. Built in 1940, this property ...

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House

TAS 7008


2/62 Bellevue Pde, New Town

$375,000

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Ultra-Convenient Lifestyle Awaits

Situated in the heart of New Town this property offers the perfect blend of low-maintenance living and an ultra-convenient lifestyle, making it an ideal first home or a stress-free investment. Perfectly fine as is, the home also offers the option of updating and adding further value. Located just ...

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Unit

TAS 7008


1/46 Tower Rd, New Town

$350,000

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Move-in Ready or Ripe For Investors

Conveniently positioned just moments from everything that New Town has to offer, this unit presents as an ideal low maintenance opportunity for downsizers, first home buyers or investors. Set back from the road for added privacy, this property is the perfect blend of peace and proximity. As you ...

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Unit

TAS 7008


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