Powered by MOMENTUM MEDIA
AREA REPORTS

New Norfolk

Suburb Profile

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

house
unit

A 23.18% 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 22nd.

A steady increase in median property prices over a five-year period in the suburb translates to a 63.04% 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 $337,500

The augmented property values in the suburb are trailing above the territorial average of 10.34% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $365.

Home owners selling their properties and realtors in NEW NORFOLK usually have to wait an average of 30.3 days days before their assets are lifted off the market.

The TAS suburb ranks 24th on the list of best yielding suburbs for rental properties in TAS, posting a 5.62% return.

It also places places 11th 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 $337,500 $310,437
GROWTH REPORT
Median Quarterly 12.5% 3.48%
Median 12 month 23.18% 19.4%
Median 3 years 63.04% 55.22%
Median 5 years 64.63% 32.1%
10 years average annual 4.85% 40.04%
Weekly media advert. rent $365 $280
Time on Market 30.3 days 28.0 days
Gross Rental Yield Percent 5.62% 4.69%
demographics (median values)
Total Population
5232
Weekly Household Income
640.9
Household Size
2.50
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Commercial v residential investments

Commercial v residential investments

As someone who has invested extensively in both residential and commercial property, I have seen both sides of the fence when it comes to in...

Why commercial property is critical for your portfolio in 2021

Why commercial property is critical for your portfolio in 2021

Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...

Q&A: Scott O’Neill, Rethink Investing

Q&A: Scott O’Neill, Rethink Investing

In this special Q&A, Smart Property Investment speaks to the director of Rethink Investing, Scott O’Neill. ...

Perth

Perth’s sales listings hit 10-year low

Perth is experiencing an “extraordinary” decline in listing volumes, with sales listings hitting a 10-year low in February. ...

Brisbane property market update February 2021

This article will highlight what has been happening in the Brisbane Property Market during February 2021. ...

Perth rental stock

Perth’s rental stock dries up

Perth desperately needs an influx of rental stock in the market to provide renters with more housing options, an expert has said. ...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.