Powered by MOMENTUM MEDIA
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 5.87% for the past year.

Investors saw the median home price rise to $333,500.

Profits due to an upward trend in home prices in the suburb averaged 10.78% per annum over a 3-year period.

NEWNHAM now ranks at the 87th 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 $340 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 37.2 days.

In 2016, 92 properties were sold in NEWNHAM during the past year, making it the 2nd 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 $333,500 $248,000
GROWTH REPORT
Median Quarterly 2.62% -4.62%
Median 12 month 5.87% 5.53%
Median 3 years 32.34% 41.71%
Median 5 years 39.6% 23.38%
10 years average annual 2.89% 5.16%
Weekly media advert. rent $340 $250
Time on Market 37.2 days 39.8 days
Gross Rental Yield Percent 5.3% 5.24%
demographics (median values)
Total Population
15776
Weekly Household Income
843
Household Size
2.30
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

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