Giving property investors a an average capital gain of 5.01% for the last year, New Norfolk, 7140 is the 1911th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in New Norfolk has increased when compared to the 5 year average annual rate.
At number 122th of TAS’s most discounted properties, New Norfolk is in the TOP 30% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 10.08 sales per month, which equates to 121 per year.
Renters in Suburb are facing rents around $15600 per annum or $300 every week.
Property value increases in New Norfolk have tracked close to the TAS average of 10.09% over the last 12 months.
New Norfolk,7140 was ranked 211 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -7.00% to buyers in New Norfolk at the moment, which is less than average for the rest of TAS.
New Norfolk is 21th on a list of best yielding suburbs for rents in TAS with a 5.57% return