New Norfolk is an average performer in TAS when comparing median price capital growth over the last year. New Norfolk gave property investors a average capital gain figure when compared to the rest of the state, with 4.50%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in New Norfolk has stayed pretty constant when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -6.21% to buyers in New Norfolk at the moment, which is less than average for the rest of TAS.
Often selling an investment property can take time, and in New Norfolk the average time real estate has been on the market is 96.91 days.
Property investors should expect to get $270 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in New Norfolk, 7140 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was -7.69%.
Over the longer term, New Norfolk has seen property prices show investors a 3.04% return over the last 3 years. This is worse than over the last 12 months
New Norfolk is 30th on a list of best yielding suburbs for rents in TAS with a 5.60% return