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Investment Property Newnham, TAS, 7248

Suburb Snapshot

Newnham is a suburb in the Launceston Region of Tasmania. Newnham has a population of 6,451 people and 31.87% of its occupants live in rental accommodation. The median listing price for houses is $490,000 and this has changed 1.03% over the past year and changed -1.81% over 2 years.

The median rent in Newnham for houses is $450 per week and the median rental yield is 4.77%. Stock on the market for houses/townhouses has changed -22.86% compared to last year and the average time to sell a house/townhouse is 79 days.The median listing price for units is $349,000 and this has changed 0.00% over the past year. The average unit takes 97 days to sell and the median rent for a unit in Newnham is $380 per week, producing a rental yield of 5.66%.

Supply & Demand in Newnham, Launceston

0.56%

Current vacancy rate


16

Rental stock available


6,451

Population


31.87%

Rental population


0.70%

Current vacancy rate


226

Rental stock available


65,275

Population


30.07%

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 Newnham, Launceston

  House Townhouses Units
Median listing price $490,000 NA $349,000
Median price change - last quarter -1.02% NA 1.30%
Median price change - 1 year 1.03% NA 0.00%
Median price change - 2 years -1.81% NA 7.38%
  House Townhouses Units
Median weekly rent $450 NA $380
Median yield % 4.77% NA 5.66%
Median rent change - 1 year 0.00% NA 2.70%
  House Units
Previous month sales 11 1
Stock on market previous month 27 3
Stock variance vs. last year -22.86% -62.50%
Average days on market 79 97

Newnham investment property listings

Showing 1 of 1 investment properties found in Newnham on realestateinvestar.com.au

28 Paringa Ave, Newnham

$575,000

property pic

Immaculate, Sunny & Sought After!

With brand new carpet and freshy painted interior, this solid brick 3 bedroom family home is ready for its next owner to just move in and enjoy. Immaculately looked after by the current owner for almost 30 years with updates during this time, this gorgeous home in highly sought after Newnham is ...

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TAS 7248


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