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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 -2.86% over the past year and changed -5.03% over 2 years.

The median rent in New Town for houses is $565 per week and the median rental yield is 3.45%. Stock on the market for houses/townhouses has changed 0.00% compared to last year and the average time to sell a house/townhouse is 101 days.The median listing price for units is $467,500 and this has changed 0.00% over the past year. The average unit takes 84 days to sell and the median rent for a unit in New Town is $425 per week, producing a rental yield of 4.72%.

Supply & Demand in New Town, Hobart

0.63%

Current vacancy rate


20

Rental stock available


6,123

Population


34.17%

Rental population


0.80%

Current vacancy rate


213

Rental stock available


50,445

Population


30.68%

Rental population


0.49%

Current vacancy rate


1,351

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 $850,000 NA $467,500
Median price change - last quarter -4.77% NA -0.57%
Median price change - 1 year -2.86% NA 0.00%
Median price change - 2 years -5.03% NA 3.88%
  House Townhouses Units
Median weekly rent $565 $545 $425
Median yield % 3.45% NA 4.72%
Median rent change - 1 year 2.72% 10.10% 1.19%
  House Units
Previous month sales 8 2
Stock on market previous month 26 13
Stock variance vs. last year 0.00% 62.50%
Average days on market 101 84

New Town investment property listings

Showing 5 of 55 investment properties found in New Town on realestateinvestar.com.au

2/38 Oldham Ave, New Town

$385,000

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3km to Hobart CBD

Positioned for convenience and long-term investment security, this solidly constructed ground floor unit presents an outstanding opportunity for investors seeking a low-maintenance asset in a highly accessible location. Built in 1972 from durable masonry brick, the property is one of just five ...

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TAS 7008


9 Stoke St, New Town

$1,950,000

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Mayfield A landmark estate of rare distinction

Steeped in more than a century of history and crowned by its enchanting Gothic architecture, Mayfield is a home that instantly captures the imagination. Set on sprawling grounds and rich with character, it exudes a rare sense of romance, where grand proportions, warm natural light and beautifully ...

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TAS 7008


2/6 Fraser St, NEW TOWN

$450,000

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unique apartment with modern comfort & lifestyle convenience

In a well-connected location, 'Kensington' is a former boot factory that has been converted into seven separate apartments. Blending charm with everyday convenience, the home offers a low-maintenance lifestyle in a well-connected location. Compact yet thoughtfully designed, it presents an ideal ...

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TAS 7008


61-65 New Town Rd, NEW TOWN

$1,300,000

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Multiple apartments on one title in a central location

Located in the vibrant and ever-popular suburb of New Town, this unique property offers a rare chance to secure a property with three self-contained apartments and a four-room storage spaceall on one title. Whether you're looking for a strong investment, a multi-generational living solution, or a ...

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TAS 7008


59-59a New Town Rd, NEW TOWN

$1,500,000

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Versatile commercial and residential opportunity in prime positi

Perfectly positioned in the bustling heart of New Town, this unique multi - purpose property presents an exceptional opportunity for both investors and owner-occupiers. Offering a spacious 142 sqm commercial space on the lower levelcurrently home to the well-established Quilt and Pillow Factoryand ...

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TAS 7008


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