Investment property in New Norfolk has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.50%
The five-year average increase in median property values for New Norfolk,7140 has given property investors a potential capital gain of 7.89% across each of those five years.
New Norfolk7140 is located in TAS which offers an average discount of -6.57% to property investors. New Norfolk itself is showing figures that indicate -5.26% is the average achievable by property buyers investing in the suburb.
At number 2149 in a list of fastest selling suburbs, New Norfolk is just in the bottom half of suburbs in Australia with an average of days on market 85.39 for properties listed there.
Property investors should expect to get $270 weekly from the median priced house in this suburb.
TAS has seen average median house prices change by 3.47% which means that New Norfolk, 7140 has done well for property investors by showing a capital gain of -8.05% over the last year
While New Norfolk,7140 ranked number 4th in TAS for increase in median house value (annualised) increase, it is ranked 41th over the last 5 years.
Property buyers and investors in New Norfolk 7140 should be seeing an average reduction in asking price of around -7.34% . This means that New Norfolk is holding prices well when compared to other suburbs in TAS.
On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.