Property value increases in New Town have tracked just higher than the TAS average of 9.15% over the last 12 months.
Taking the average capital gain, or increase in median house value, New Town,7008 has racked up an average of 14.43% over the period. This ranks it number 1408th in the whole country for real estate investors looking at median house price increases.
The most recent median price for New Town is $555000, with sellers offering an average of -3.25% off the asking price.
Residents and property investors in New Town have been waiting around 8.3 days to sell a property.
Property investors should expect to get $450 weekly from the median priced house in this suburb.
At number 207th in the list of Australian suburbs ordered by increase in median house value over the last year, New Town, 7008 is in the top 20% with a property value increase of 18.42% recorded in median house prices.
Taking the average capital gain, or increase in median house value, New Town,7008 has racked up an average of 18.42% over the period. This ranks it number 492th in the whole country for real estate investors looking at median house price increases.
Situated 3.10km from the CBD, New Town is one of Hobart localities in the postcode 7008.
New Town may be one of Hobart’s oldest suburbs, but this does not mean it’s full of buildings well past their use-by date.Full summary
Information supplied by:
New Town may be one of Hobart’s oldest suburbs, but this does not mean it’s full of buildings well past their use-by date.Close
In fact, old-town charm mixed with the new that comes with renovation makes this suburb highly desirable.
The colonial, Georgian, Federation and art deco architecture is a major drawcard.
Withstock falling by -41.7% and listed properties receiving an average of 645 visits, you had better get in quick before they all disappear.
New Town is clearly a popular option for young and established families.
There are four schools, two of which are the only single-sex schools in Tas – Ogilvie High School for girls and New Town High School for boys.
Even the New Town primary school has something to brag about, being over 100 years old.
Centro New Town Plaza is an accessible commercial hub, with supermarkets, restaurants and boutique shops.
Being only 4km from the Hobart CBD is also a signi cant bonus. A drive to town takes under five minutes, and bus routes criss-cross the suburb.
Popular areas include Park Street and New Town Road, as they o er easy access to local amenities.