Property investors who have had real estate in New Town, 7008 should be relatively pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.60%
Across a shorter period, New Town, 7008 has seen a median price increase of 4.33% over the last quarter.
Property buyers and investors in New Town 7008 should be seeing an average reduction in asking price of around -5.26% . This means that New Town is holding prices well when compared to other suburbs in TAS.
On average over the past year, suburb has had 6.58 sales per month, which equates to 79 per year.
Advertised rents are around the $440 mark per week – giving a return of 4.52% based on the median price in Suburb
At number 1281th in the list of Australian suburbs ordered by increase in median house value over the last year, New Town, 7008 is in the BOTTOM 30% with a property value increase of -2.55% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, New Town comes in at number 13th in TAS.
New Town7008 is located in TAS which offers an average discount of -5.25% to property investors. New Town itself is showing figures that indicate -3.57% is the average achievable by property buyers investing in the suburb.
Renters in Suburb are facing rents around $3420 per annum or $285 every week.
New Town may be one of Hobart’s oldest suburbs, but this does not mean it’s full of buildings well past their use-by date.Full summary
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New Town may be one of Hobart’s oldest suburbs, but this does not mean it’s full of buildings well past their use-by date.Close
In fact, old-town charm mixed with the new that comes with renovation makes this suburb highly desirable.
The colonial, Georgian, Federation and art deco architecture is a major drawcard.
Withstock falling by -41.7% and listed properties receiving an average of 645 visits, you had better get in quick before they all disappear.
New Town is clearly a popular option for young and established families.
There are four schools, two of which are the only single-sex schools in Tas – Ogilvie High School for girls and New Town High School for boys.
Even the New Town primary school has something to brag about, being over 100 years old.
Centro New Town Plaza is an accessible commercial hub, with supermarkets, restaurants and boutique shops.
Being only 4km from the Hobart CBD is also a signi cant bonus. A drive to town takes under five minutes, and bus routes criss-cross the suburb.
Popular areas include Park Street and New Town Road, as they o er easy access to local amenities.