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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 5 of 56 investment properties found in Newnham on realestateinvestar.com.au

93 Parklands Pde, Newnham

$699,000

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Quiet Position, Modern Living & Future Potential in Newnham

Tucked away at the end of a quiet no-through street in Newnham, this well-maintained home offers a relaxed, low-maintenance lifestyle with space to enjoy both indoors and out. Built in 2017, it presents as a smart option for families, first home buyers, downsizers or investors seeking something ...

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House

TAS 7248


1/4 Patricia Pl, Newnham

$389,000

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Easy Living in a Convenient Newnham Pocket

Positioned in a quiet cul-de-sac within sought-after Newnham, this well-presented two-bedroom home offers low-maintenance living with comfort and convenience at its core. Ideal for first home buyers, downsizers, or savvy investors, 1/4 Patricia Place presents an outstanding opportunity to secure a ...

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Unit

TAS 7248


4 Crestview Ct, Newnham

$575,000

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Solid Home with Genuine Potential

Positioned on a flat 617 sqm block in a convenient Newnham location, this 1964 brick home offers a straightforward opportunity for first home buyers, renovators or investors seeking a property with genuine potential to add value over time. The home provides a practical layout with generous living ...

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TAS 7248


4 Malachi Ct, Newnham

$795,000

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Modern Living At Its Best

Positioned in a quiet cul-de-sac on a level 664m² block, this magnificent solid brick family home, built in 2013, delivers space, quality and comfort in a highly convenient location. Designed with families in mind and offering approximately 200m² of living, this home captures all-day sun and ...

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TAS 7248


3 & 4/34 Alanvale Rd, Newnham

$275,000

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An Easy Addition to Your Investment Portfolio

If you're looking for a straightforward investment with very little to think about, these compact one-bedroom units are well worth your attention. Currently tenanted with a solid history of long-term occupancy, they offer the kind of reliability investors value. Low-maintenance by nature, the ...

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TAS 7248


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