AREA REPORTS

New Town

 

 

TAS/
New town

Suburb Profile

New Town - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7008

house
unit
NEW TOWN ranks 46th in TAS when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 13.94% for the past year is lower than average compared to its 70.83% growth within a five-year period.

This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.

Also in NEW TOWN, the median home price is sitting at $650,000, and the average rent at $510, this suggests property owners could potentially earn a 4.08% increase in gross rental yield.

Property investors have seen a 4.84% gain in NEW TOWN based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on NEW TOWN, 7008 can rest assured about this TAS suburb's performance. The suburb saw median home prices rise by 13.94%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 6.11% growth over a ten-year period. It ranks 1336th on our list of suburbs that property investors should look into.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $650,000 $327,500
GROWTH REPORT
Median Quarterly 4.84% -7.09%
Median 12 month 13.94% 9.26%
Median 3 years 42.86% 11.02%
Median 5 years 70.83% 16.13%
10 years average annual 6.11% 4.32%
Weekly media advert. rent $510 $340
Time on Market 20.5 days 28.0 days
Gross Rental Yield Percent 4.08% 5.4%
demographics (median values)
Total Population
5869
Weekly Household Income
803.1
Household Size
2.10
demographics
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