Over the last year, property investments in New Norfolk, 7140 have given investors a capital gain of -9.76%. This compares very badly with the 4.95% for TAS as a whole.
While New Norfolk,7140 ranked number 169th in TAS for increase in median house value (annualised) increase, it is ranked 133th over the last 5 years.
Vendor discounting in New Norfolk is giving property investors an average Vendor Discount of around -6.87%. This puts suburb at number 76th in TAS when ranking the most discounted suburbs.
Property investors should expect to get $270 weekly from the median priced house in this suburb.
Property investors who have had real estate in New Norfolk, 7140 should be unhappy with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -18.75%
New Norfolk,7140 has offered an average of -18.75% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in New Norfolk 7140 should be seeing an average reduction in asking price of around -7.51% . This means that New Norfolk is holding prices well when compared to other suburbs in TAS.
Often selling an investment property can take time, and in New Norfolk the average time real estate has been on the market is 129 days.