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Newnham
AREA REPORTS

Newnham

Newnham - 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 34.33% for the past year.

Investors saw the median home price rise to $450,000.

Profits due to an upward trend in home prices in the suburb averaged 20.43% per annum over a 3-year period.

NEWNHAM now ranks at the 48th 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 low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $395 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 22.6 days.

In 2016, 103 properties were sold in NEWNHAM during the past year, making it the 193rd most active market in TAS based on total real estate transactions.

Data report can be found below

Newnham
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $450,000 $311,500
GROWTH REPORT
Median Quarterly 10.02% 0.48%
Median 12 month 34.33% 25.6%
Median 3 years 61.29% 7.04%
Median 5 years 90.27% 36.62%
10 years average annual 6.77% 7.93%
Weekly media advert. rent $395 $320
Time on Market 22.6 days 20.1 days
Gross Rental Yield Percent 4.56% 5.34%
demographics (median values)*
Total Population
15776
Weekly Household Income
843
Household Size
2.30
Age
33
Monthly Loan Repayment
1105
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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