2. TAS
  3. Hobart

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

$873K Median Sale Price (National Average $485k) 21st In TAS
-2.33% Median Sale Price Change (1yr) (National Average 4.30%) 674th In TAS
$570pw Median Rent (National Average $395) 19th In TAS
3.4% Median Gross Yield (National Average 4.24%) 97th In TAS
Properties sold 62
Average discounting -5.78%
Average Days on Market 51
Stock on Market 35 for sale

Investment Strategy Scores

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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.

Property Prices in New Town


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State Auction Clearance Rates


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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 4.0 square kilometres. It has 8 parks covering nearly 9.3% of total area. The population of New Town in 2016 was 6122 people. By 2021 the population was 6781 showing a population growth of 10.8% in the area during that time. The predominant age group in New Town is 20-29 years. Households in New Town are primarily childless couples 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 2021, 56.80% of the homes in New Town were owner-occupied compared with 57.40% 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 62 Houses sold in New Town in the past 12 months with a median sale price of $873K, down 2.3% annually. It takes on average 31 days to sell with vendor discounting of -5.8%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Lenah Valley TAS, 7008 -2.32% $737,500 $620pw 4.4% View Suburb Profile
Newborough VIC, 3825 2.44% $440,000 $435pw 5.1% View Suburb Profile
Moonah TAS, 7009 4.49% $640,000 $533pw 4.3% View Suburb Profile
Golden Beach VIC, 3851 -15.79% $320,000 Unavailable Unavailable View Suburb Profile
North Hobart TAS, 7000 -10.97% $872,500 $600pw 3.6% View Suburb Profile
South Hobart TAS, 7004 8.07% $870,000 $550pw 3.3% View Suburb Profile

Currency

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