New Town is an average performer in TAS when comparing median price capital growth over the last year. New Town gave property investors a good capital gain figure when compared to the rest of the state, with 9.89%.
If we look at median property appreciation over just the last three months, New Town has given property investors a paper return of 6.42%. This puts Suburb as 31 on a list of fastest fasting appreciating suburbs in TAS
New Town, 7008 is offering TAS ‘s 121th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this TAS.
The TAS suburb of New Town, 7008 is in the Hobart local government area.
If you compare the increase in value of investment property in New Town, 7008 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was -3.00%.
Over the longer term, New Town has seen property prices show investors a 18.28% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in New Town is giving property investors an average Vendor Discount of around -3.06%. This puts suburb at number 47th in TAS when ranking the most discounted suburbs.
A $290 per week rent on the median house gives suburb investors a gross yield of circa 5.48%, without taking into account capital value appreciation, which has been averaging out at 4.74%.
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.