Newnham TAS 7248

Here you can find what you need to know about Newnham, 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

$274k Median Sale Price (National Average $485k) 153rd In TAS
9.70% Median Price Change (1 yr) (National Average 4.30%) 119th In TAS
$310pw Median Rent (National Average $395) 84th In TAS
5.9% Median Gross Yield (National Average 4.24%) 32nd In TAS
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Properties sold 125
Average discounting -4.83%
Average Days on Market 47
Stock on Market 44 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.

Newnham, 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.

Newnham, 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.

Newnham, 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 Newnham


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State Auction Clearance Rates - April 2019

Auctions Clearance rate
%
ACT 35 44%
NSW 213 57%
NT 11 0%
QLD 22 38%
SA 42 17%
VIC 48 59%
WA 18 25%

Local Schools


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Suburb Information

Newnham, TAS 7248

Part of: Launceston Council No data available

The size of Newnham is approximately 6 square kilometres. It has 19 parks covering nearly 1.8% of total area. The population of Newnham in 2011 was 5,930 people. By 2016 the population was 6,444 showing a population growth of 8.7% in the area during that time. The predominant age group in Newnham is 20-29 years. Households in Newnham are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newnham work in a labourer occupation. In 2011, 63% of the homes in Newnham were owner-occupied compared with 60.4% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Newnham

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Newnham   for Houses in last 12 months


There have been 127 Houses sold in Newnham in the past 12 months with a median sale price of $276K, up 9.33% annually. It takes on average 44 days to sell with vendor discounting of -4.48%.

Streets in Newnham


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Apple Tree Creek QLD, 4660 27.21% $273,500 $300pw 5.7% View Suburb Profile
Tenterfield NSW, 2372 -0.80% $248,000 $275pw 5.8% View Suburb Profile
Old Beach TAS, 7017 15.12% $460,500 $420pw 4.7% View Suburb Profile