Suburb Profile Report for Newnham TAS (7248)

Newnham House: Median price $247,000, Annual capital growth 1.71%, Number of sales 101, Weekly median advertised rent $280

Newnham Unit: Median price $185,000, Annual capital growth 1.53%, Number of sales 34, Weekly median advertised rent $225

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$247,000 $185,000
-1.20% -0.80%
4.77% -7.96%
1.71% 1.53%
$280 $225
101 34
5.89% 6.32%
92.01 88.9

Source: CoreLogic

DSR Score for property investment : Above average (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
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