Giving property investors a an unimpressive capital gain of -2.44% for the last year, New Norfolk, 7140 is the 3194th highest performer in Australia in this respect.
Over the longer term, New Norfolk has seen property prices show investors a 8.11% return over the last 3 years. This is worse than over the last 12 months
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.06% offered to property buyers. Sellers in New Norfolk itself are offering an average vendor discount of -6.83% to real estate investors.
At number 2669 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 101.75 for properties listed there.
Situated 25.00km from the CBD, New Norfolk is one of Derwent Valley localities in the postcode 7140.
Property value increases in New Norfolk have tracked lower than the TAS average of 3.83% over the last 12 months.
New Norfolk,7140 has offered an average of -9.09% return per annum in house price rises to property investors over the last three years.
At number 7th of TAS’s most discounted properties, New Norfolk is in the bottom 20% of the state/territory when listing in order of most discounted to least.
New Norfolk, 7140’s gross rental yield is 6.09%