Suburb Profile Report for Newnham TAS (7248)

Newnham House: Median price $237,250, Annual capital growth 1.20%, Number of sales 101, Weekly median advertised rent $288

Newnham Unit: Median price $210,500, Annual capital growth 3.70%, Number of sales 28, Weekly median advertised rent $230

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

At number 2772th in the list of Australian suburbs ordered by increase in median house value over the last year, Newnham, 7248 is in the BOTTOM 40% with a property value increase of 0.96% recorded in median house prices.

A -3.16% growth in median value for property investors in Newnham,7248 puts this suburb at number 138th in terms of best performing suburbs in TAS

At number 38th of TAS’s most discounted properties, Newnham is in the bottom 30% of the state/territory when listing in order of most discounted to least.

With the median price for a house in Newnham being $237250 and the advertised rent reaching $287.5 the gross rental yield for property investors calculates out to be 6.30%

Newnham is in the TOP 10% in TAS when comparing median price capital growth over the last year. Newnham gave property investors a very good capital gain figure when compared to the rest of the state, with 26.05%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Newnham has fallen somewhat when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Newnham are currently offering property investors an average price cut of -5.07% below the asking price at the moment.

Property investors should expect to get $230 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$237,250 $210,500
-1.76% 11.38%
0.96% 26.05%
1.20% 3.70%
$288 $230
101 28
6.30% 5.68%
105.07 108.34

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 5930
Median household income ($/weekly) 865
Median age of persons 34
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    20-24 years 679 11.5
    25-34 years 792 13.4
    35-44 years 677 11.4
    45-54 years 693 11.7
    55-64 years 681 11.5
    Others 2408 40.6
    Age Group
    Census Count Percent(%)
    Registered Married 1909 45.6
    Not Married 1854 44.3
    Defacto Relationship 422 10.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4774 85.1
    Croatia 69 1.2
    Malta 67 1.2
    United Kingdom 155 2.8
    Other 240 4.3
    Others 306 5.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 68 1.3
    Christianity 3632 68.0
    Hinduism 60 1.1
    Islam 60 1.1
    No Religion 1506 28.2
    Others 18 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 305 15.5
    $600-$799 263 13.4
    $800-$999 197 10.0
    $1,000-$1,249 230 11.7
    $1,500-$1,999 207 10.5
    Others 764 38.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1968 42.0
    Employed, worked full-time 1395 29.8
    Employed, worked part-time 900 19.2
    Unemployed, looking for work 240 5.1
    Employed, away from work 181 3.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 327 13.2
    Technicians & trades workers 388 15.7
    Clerical & administrative workers 317 12.8
    Sales 348 14.1
    Labourers 344 13.9
    Others 749 30.3
    Occupation
    Census Count Percent(%)
    Pre-school 56 3.5
    Infants/Primary 408 25.2
    Secondary 312 19.2
    Technical or Further Educational Institution 185 11.4
    University or other Tertiary Institutions 625 38.6
    Others 35 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4607 87.7
    Semi-detached, row or terrace house, townhouse 371 7.1
    Flat, unit or apartment 264 5.0
    House or flat attached to a shop, office 11 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 740 34.8
    Fully owned 704 33.1
    Being purchased 673 31.6
    Other tenure type 10 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals