Giving property investors a a stable capital gain of 10.27% for the last year, New Town, 7008 is the 1241th highest performer in Australia in this respect.
New Town,7008 was ranked 880 in Australia by increase in median property value over the quarter.
Property buyers and investors in New Town 7008 should be seeing an average reduction in asking price of around -4.88% . This means that New Town is holding prices well when compared to other suburbs in TAS.
Over the last year, property investments in New Town, 7008 have given investors a capital gain of 1.85%. This compares averagely with the 3.78% for TAS as a whole.
While New Town,7008 ranked number 10th in TAS for increase in median house value (annualised) increase, it is ranked 7th over the last 5 years.
The most recent median price for New Town is $275000, with sellers offering an average of -3.38% off the asking price.
With the median price for a house in New Town being $275000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 5.48%
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.