New Town TAS 7008

Houses Units

Here you can find what you need to know about New Town, TAS, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$641k Median Sale Price (National Average $485k) 34th In TAS
12.36% Median Price Change (1 yr) (National Average 4.30%) 245th In TAS
$500pw Median Rent (National Average $395) 25th In TAS
4.1% Median Gross Yield (National Average 4.24%) 281st In TAS
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Properties sold 72
Average discounting -6.27%
Average Days on Market 21
Stock on Market 13 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

Example Only
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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

New Town, TAS National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

New Town, TAS National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

New Town, TAS National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in New Town


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State Auction Clearance Rates - March 2019

Auctions Clearance rate
TAS 6 0%
ACT 74 49%
NSW 638 54%
NT 9 12%
QLD 104 38%
SA 105 53%
VIC 920 52%
WA 28 26%

Local Schools


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Suburb Information

New Town, TAS 7008

Part of: Hobart Council No data available

The size of New Town is approximately 4 square kilometres. It has 21 parks covering nearly 9.7% of total area. The population of New Town in 2011 was 5,968 people. By 2016 the population was 6,109 showing a population growth of 2.4% in the area during that time. The predominant age group in New Town is 30-39 years. Households in New Town are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in New Town work in a professional occupation. In 2011, 58.2% of the homes in New Town were owner-occupied compared with 57.4% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in New Town

Demographic data provided
by Australian Bureau of Statistics

Market Trends for New Town   for Houses in last 12 months


There have been 71 Houses sold in New Town in the past 12 months with a median sale price of $650K, up 13.94% annually. It takes on average 21 days to sell with vendor discounting of -3.79%.

Streets in New Town

Others also viewed

Suburb Median Price Change (1 yr) Median Sale Price Median Rent Median Gross Yield
Lenah Valley TAS, 7008 7.69% $560,000 $450pw 4.2% View Suburb Profile
Moonah TAS, 7009 20.31% $430,396 $420pw 5.1% View Suburb Profile
Glenorchy TAS, 7010 19.35% $370,000 $390pw 5.5% View Suburb Profile
North Hobart TAS, 7000 9.38% $700,000 $495pw 3.7% View Suburb Profile
Murrumba Downs QLD, 4503 6.24% $536,500 $440pw 4.3% View Suburb Profile
South Hobart TAS, 7004 14.66% $665,000 $488pw 3.8% View Suburb Profile