Suburb Profile Report for Newnham TAS (7248)

Newnham House: Median price $250,000, Annual capital growth 1.85%, Number of sales 94, Weekly median advertised rent $275

Newnham Unit: Median price $177,500, Annual capital growth 0.94%, Number of sales 30, Weekly median advertised rent $225

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Newnham, 7248 have given investors a capital gain of 5.71%. This compares favourably with the 3.25% for TAS as a whole.

The five-year average increase in median property values for Newnham,7248 has given property investors a potential capital gain of -2.91% across each of those five years.

Vendor discounting in Newnham is giving property investors an average Vendor Discount of around -8.63%. This puts suburb at number 29th in TAS when ranking the most discounted suburbs.

Using the current median advertised rental of $275 and the average annual increase in value of a median property of 1.85%, investors should hope to achieve an overall return of 5.72%

If you compare the increase in value of investment property in Newnham, 7248 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this TAS suburb was 7.41%.

Taking the average capital gain, or increase in median house value, Newnham,7248 has racked up an average of 7.41% over the period. This ranks it number 1043th in the whole country for real estate investors looking at median house price increases.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.46% offered to property buyers. Sellers in Newnham itself are offering an average vendor discount of -6.35% to real estate investors.

Residents and property investors in Newnham have been waiting around 75.68 days to sell a property.

Advertised rents are around the $225 mark per week – giving a return of 6.59% based on the median price in Suburb

HOUSE UNIT
$250,000 $177,500
0.00% 0.57%
5.71% 7.41%
1.85% 0.94%
$275 $225
94 30
5.72% 6.59%
89.35 75.68

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (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