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New Norfolk
AREA REPORTS

New Norfolk

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

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 74% 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 $435,000

The augmented property values in the suburb are trailing above the territorial average of 24.75% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $405.

Home owners selling their properties and realtors in NEW NORFOLK usually have to wait an average of 24.2 days days before their assets are lifted off the market.

The TAS suburb ranks 28th on the list of best yielding suburbs for rental properties in TAS, posting a 4.84% return.

It also places places 92nd in Australia based on median property value growth during the quarter.

Data report can be found below

New Norfolk
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $435,000 $407,300
GROWTH REPORT
Median Quarterly 6.1% 1.7%
Median 12 month 26.09% 26.93%
Median 3 years 74% 73.32%
Median 5 years 117.5% 120.16%
10 years average annual 8.74% 26.4%
Weekly media advert. rent $405 $380
Time on Market 24.2 days 9.3 days
Gross Rental Yield Percent 4.84% 4.85%
demographics (median values)*
Total Population
10974
Weekly Household Income
962
Household Size
2.40
Age
44
Monthly Loan Repayment
1100
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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