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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 $850,000 and this has changed -3.69% over the past year and changed -5.03% over 2 years.

The median rent in New Town for houses is $570 per week and the median rental yield is 3.48%. Stock on the market for houses/townhouses has changed 6.06% compared to last year and the average time to sell a house/townhouse is 98 days.The median listing price for units is $437,500 and this has changed -4.90% over the past year. The average unit takes 80 days to sell and the median rent for a unit in New Town is $425 per week, producing a rental yield of 5.05%.

Supply & Demand in New Town, Hobart

0.66%

Current vacancy rate


21

Rental stock available


6,123

Population


34.17%

Rental population


0.87%

Current vacancy rate


232

Rental stock available


50,445

Population


30.68%

Rental population


0.51%

Current vacancy rate


1,414

Rental stock available


509,956

Population


23.11%

Rental population


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Statistical data for New Town, Hobart

  House Townhouses Units
Median listing price $850,000 NA $437,500
Median price change - last quarter -4.77% NA -0.57%
Median price change - 1 year -3.69% NA -4.90%
Median price change - 2 years -5.03% NA -2.78%
  House Townhouses Units
Median weekly rent $570 $520 $425
Median yield % 3.48% NA 5.05%
Median rent change - 1 year 3.63% 8.33% 6.25%
  House Units
Previous month sales 9 2
Stock on market previous month 35 10
Stock variance vs. last year 6.06% -16.67%
Average days on market 98 80

New Town investment property listings

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