AREA REPORTS

Newnham

TAS/
Newnham

Suburb Profile

Newnham - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7248

house
unit

NEWNHAM, 7248 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in TAS have risen as a whole, pulling NEWNHAM, 7248 values up and netting property investors a capital gain of 10.88% for the past year.

Investors saw the median home price rise to $266,100.

Profits due to an upward trend in home prices in the suburb averaged 3.32% per annum over a 3-year period.

NEWNHAM now ranks at the 50th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in NEWNHAM are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $310 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In NEWNHAM, homes and units usually stay on listing for an average of 63.0 days.

In 2016, 129 properties were sold in NEWNHAM during the past year, making it the 170th most active market in TAS based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $266,100 $192,500
GROWTH REPORT
Median Quarterly 4.35% 5.19%
Median 12 month 10.88% 6.94%
Median 3 years 9.96% -8.33%
Median 5 years 4.35% 20.31%
10 years average annual 2.06% 1.57%
Weekly media advert. rent $310 $240
Time on Market 63.0 days 72.5 days
Gross Rental Yield Percent 6.06% 6.48%
demographics (median values)
Total Population
5386
Weekly Household Income
710.4
Household Size
2.40
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