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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 59 investment properties found in New Town on realestateinvestar.com.au

7 Oakley St, New Town

$875,000

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Prime location, ideal lifestyle

Set in a highly desirable suburb amongst an array of local amenities, this four bedroom red brick home offers an outstanding opportunity for families, or those buyers who recognise the enormous potential here. The place is move-in ready, so you can enjoy the space and convenience immediately, and ...

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House

TAS 7008


2/4A Boa Vista Rd, New Town

$729,000

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New Town - No Body Corp, No Nonsense...Prime Lifestyle

Ant's "Fluff-Free" Description... Let's start with the obvious. Townhouse. New Town. One of four. No strata fees. That alone gets people interested. Then you add the space, the layout, the character and a cracking outlook to the mountain, and suddenly it makes a whole lot of sense for both ...

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House

TAS 7008


2/6 Fraser St, New Town

$395,000

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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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Unit

TAS 7008


173 New Town Rd, New Town

$1,399,000

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Norfolk' 1925 Character Home

Welcome to 'Norfolk', a stunning 1925 built character home that beautifully blends timeless elegance with modern convenience. Set in the heart of highly sought-after New Town, this spacious residence offers dual access to the property and ample parking, an enviable lifestyle within easy walking ...

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House

TAS 7008


4/3 Lissadell Ct, New Town

$450,000

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Bright, Convenient Living in the Heart of New Town

Positioned within a convenient and well-connected pocket of New Town, this light-filled apartment presents an outstanding opportunity for first home buyers, downsizers or investors seeking low-maintenance living close to everyday amenities. Freshly presented with updated paintwork and carpet, the ...

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Unit

TAS 7008


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