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.