AREA REPORTS

New Norfolk

Suburb Profile

New Norfolk - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7140

house
unit

A 12.2% increase in median property prices in NEW NORFOLK, 7140 has allowed this suburb to join the ranks of best performing suburbs in TAS, settling at number 86th.

A steady increase in median property prices over a five-year period in the suburb translates to a 15% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $230,001

The augmented property values in the suburb are trailing above the territorial average of 10.51% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $300.

Home owners selling their properties and realtors in NEW NORFOLK usually have to wait an average of 56.3 days days before their assets are lifted off the market.

The TAS suburb ranks 20th on the list of best yielding suburbs for rental properties in TAS, posting a 6.78% return.

It also places places 47th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $230,001 $203,500
GROWTH REPORT
Median Quarterly 4.55% 1.75%
Median 12 month 12.2% 5.71%
Median 3 years 15% -3.67%
Median 5 years 24.32% 7.53%
10 years average annual 2.64% -1.69%
Weekly media advert. rent $300 $222.5
Time on Market 56.3 days 87.6 days
Gross Rental Yield Percent 6.78% 5.69%
demographics (median values)
Total Population
5232
Weekly Household Income
640.9
Household Size
2.50
demographics
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