Giving property investors a an average capital gain of 4.77% for the last year, Newnham, 7248 is the 1964th highest performer in Australia in this respect.
A 0.82% growth in median value for property investors in Newnham,7248 puts this suburb at number 116th in terms of best performing suburbs in TAS
The most recent median price for Newnham is $247000, with sellers offering an average of -8.80% off the asking price.
In the last year 101 properties changed hands in Newnham, which puts it as the 11th most active market in TAS when comparing the number of sales per suburb.
The TAS suburb of Newnham, 7248 is in the Launceston local government area.
With a capital gain of -7.96% for the last 12 months, Newnham, 7248 has performed for property investments than its average annual 1.53% property growth over the last 5 years.
While Newnham,7248 ranked number 29th in TAS for increase in median house value (annualised) increase, it is ranked 30th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Newnham is offering property investors an average of -5.75. This rate of discount on properties puts Suburb at number 15th in terms of most discounted suburbs in TAS
At number 980 in a list of fastest selling suburbs, Newnham is in the bottom 40% of suburbs in Australia with an average of days on market 88.9 for properties listed there.
Situated 137.20km from the CBD, Newnham is one of Launceston localities in the postcode 7248.