Suburb Profile Report for Newnham TAS (7248)

Newnham House: Median price $235,500, Annual capital growth 1.13%, Number of sales 109, Weekly median advertised rent $290

Newnham Unit: Median price $180,000, Annual capital growth 1.51%, Number of sales 37, Weekly median advertised rent $230

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

Source: CoreLogic

  • House Report
  • Unit Report

TAS has seen average median house prices change by 6.13% which means that Newnham, 7248 has done well for property investors by showing a capital gain of -5.80% over the last year

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.

Property investors looking for a bargain in Newnham should be aiming for at least -8.24% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Newnham have been waiting around 100.45 days to sell a property.

Advertised rents are around the $290 mark per week – giving a return of 6.40% based on the median price in Suburb

Over the last year, property investments in Newnham, 7248 have given investors a capital gain of -3.49%. This compares badly with the 3.78% for TAS as a whole.

Newnham,7248 has offered an average of -3.49% return per annum in house price rises to property investors over the last three years.

Newnham7248 is located in TAS which offers an average discount of -5.14% to property investors. Newnham itself is showing figures that indicate -5.38% is the average achievable by property buyers investing in the suburb.

Newnham, 7248’s gross rental yield is 6.64%

Metrics i HOUSE UNIT
$235,500 $180,000
-0.42% -14.49%
-5.80% -3.49%
1.13% 1.51%
$290 $230
109 37
6.40% 6.64%
100.45 104.8

Source: CoreLogic

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