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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

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