Suburb Profile Report for Newnham TAS (7248)

Newnham House: Median price $245,000, Annual capital growth 1.20%, Number of sales 113, Weekly median advertised rent $290

Newnham Unit: Median price $175,000, Annual capital growth 1.61%, Number of sales 41, Weekly median advertised rent $230

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an unimpressive capital gain of 0.41% for the last year, Newnham, 7248 is the 3041th highest performer in Australia in this respect.

The five-year average increase in median property values for Newnham,7248 has given property investors a potential capital gain of 0.41% across each of those five years.

Newnham7248 is located in TAS which offers an average discount of -6.05% to property investors. Newnham itself is showing figures that indicate -6.90% is the average achievable by property buyers investing in the suburb.

With the median price for a house in Newnham being $245000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 6.16%

Newnham is in the bottom 30% in TAS when comparing median price capital growth over the last year. Newnham gave property investors a disappointing capital gain figure when compared to the rest of the state, with -5.41%.

Over the longer term, Newnham has seen property prices show investors a 1.74% return over the last 3 years. This is worse than over the last 12 months

Newnham7248 is located in TAS which offers an average discount of -5.05% to property investors. Newnham itself is showing figures that indicate -5.37% is the average achievable by property buyers investing in the suburb.

Using the current median advertised rental of $230 and the average annual increase in value of a median property of 1.61%, investors should hope to achieve an overall return of 6.83%

Metrics i HOUSE UNIT
$245,000 $175,000
4.26% -2.78%
0.41% -5.41%
1.20% 1.61%
$290 $230
113 41
6.16% 6.83%
88.75 111

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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
Chart Table
Recent sales & rentals