Suburb Profile Report for New Norfolk TAS (7140)

New Norfolk House: Median price $205,000, Annual capital growth 2.19%, Number of sales 94, Weekly median advertised rent $268

New Norfolk Unit: Median price $195,000, Annual capital growth -0.43%, Number of sales 11, Weekly median advertised rent $210

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

TAS has seen average median house prices change by 3.72% which means that New Norfolk, 7140 has done well for property investors by showing a capital gain of 0.00% over the last year

A 1.23% growth in median value for property investors in New Norfolk,7140 puts this suburb at number 158th in terms of best performing suburbs in TAS

Our latest figures would indicate that property sellers in New Norfolk are currently offering property investors an average price cut of -6.96% below the asking price at the moment.

At number 2842 in a list of fastest selling suburbs, New Norfolk is in the bottom 30% of suburbs in Australia with an average of days on market 106.91 for properties listed there.

The TAS suburb of New Norfolk, 7140 is in the Derwent Valley local government area.

New Norfolk has had a pretty average year for property investment returns compared to the rest of TAS, giving investors a capital gain of 2.23% to date .

LACK OF BUYER INTEREST may well be the reason that New Norfolk is offering property investors an average of -5.48. This rate of discount on properties puts Suburb at number 6th in terms of most discounted suburbs in TAS

Situated 24.57km from the CBD, New Norfolk is one of Derwent Valley localities in the postcode 7140.

HOUSE UNIT
$205,000 $195,000
-6.82% N/A
0.00% 2.23%
2.19% -0.43%
$268 $210
94 11
6.79% 5.60%
106.91 130.6

Source: CoreLogic

DSR Score for property investment : Balanced (U), Good (H)
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Demographics
Total population 5242
Median household income ($/weekly) 761
Median age of persons 41
Median housing loan repayment ($/monthly) 1118
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 677 12.9
    25-34 years 552 10.5
    35-44 years 601 11.5
    45-54 years 763 14.6
    55-64 years 671 12.8
    Others 1978 37.7
    Age Group
    Census Count Percent(%)
    Not Married 1648 43.2
    Registered Married 1621 42.5
    Defacto Relationship 542 14.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4676 93.4
    Greece 15 0.3
    Papua New Guinea 39 0.8
    United Kingdom 178 3.6
    Other 35 0.7
    Others 61 1.2
    Country of Birth
    Census Count Percent(%)
    Christianity 3550 74.8
    No Religion 1171 24.7
    Other Religious Groups 14 0.3
    Buddhism 9 0.2
    Islam 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 256 13.8
    $400-$599 327 17.7
    $600-$799 235 12.7
    $800-$999 193 10.4
    $1,000-$1,249 189 10.2
    Others 652 35.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1895 47.3
    Employed, worked full-time 1080 26.9
    Employed, worked part-time 670 16.7
    Unemployed, looking for work 215 5.4
    Employed, away from work 150 3.7
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 335 17.6
    Community & personal service workers 300 15.8
    Clerical & administrative workers 212 11.2
    Sales 209 11.0
    Labourers 326 17.2
    Others 517 27.2
    Occupation
    Census Count Percent(%)
    Pre-school 53 5.4
    Infants/Primary 445 45.1
    Secondary 290 29.4
    Technical or Further Educational Institution 122 12.4
    University or other Tertiary Institutions 60 6.1
    Others 16 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4628 94.1
    Flat, unit or apartment 199 4.0
    Semi-detached, row or terrace house, townhouse 60 1.2
    House or flat attached to a shop, office 31 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 678 34.1
    Fully owned 668 33.6
    Rented 631 31.7
    Other tenure type 12 0.6
    Tenure Type
Census 2011, ABS
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