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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 -1.02% over the past year and changed -1.41% 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 6.45% compared to last year and the average time to sell a house/townhouse is 76 days.The median listing price for units is $349,000 and this has changed 5.91% over the past year. The average unit takes 103 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

0.67%

Current vacancy rate


19

Rental stock available


6,451

Population


31.87%

Rental population


0.72%

Current vacancy rate


234

Rental stock available


65,275

Population


30.07%

Rental population


0.51%

Current vacancy rate


1,414

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 -1.02% NA 5.91%
Median price change - 2 years -1.41% NA 1.15%
  House Townhouses Units
Median weekly rent $450 NA $380
Median yield % 4.77% NA 5.66%
Median rent change - 1 year 0.00% NA 1.33%
  House Units
Previous month sales 11 1
Stock on market previous month 33 4
Stock variance vs. last year 6.45% -20.00%
Average days on market 76 103

Newnham investment property listings

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