Suburb Profile Report for New Norfolk TAS (7140)

New Norfolk House: Median price $215,000, Annual capital growth 2.00%, Number of sales 131, Weekly median advertised rent $290

New Norfolk Unit: Median price $200,000, Annual capital growth -1.21%, Number of sales 27, Weekly median advertised rent $220

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1919th in the list of Australian suburbs ordered by increase in median house value over the last year, New Norfolk, 7140 is in the top half with a property value increase of 7.50% recorded in median house prices.

New Norfolk,7140 has offered an average of 7.50% return per annum in house price rises to property investors over the last three years.

New Norfolk7140 is located in TAS which offers an average discount of -5.82% to property investors. New Norfolk itself is showing figures that indicate -4.34% is the average achievable by property buyers investing in the suburb.

On average over the past year, suburb has had 10.58 sales per month, which equates to 127 per year.

New Norfolk is 18th on a list of best yielding suburbs for rents in TAS with a 6.95% return

At number 986th in the list of Australian suburbs ordered by increase in median house value over the last year, New Norfolk, 7140 is in the BOTTOM 50% with a property value increase of 2.70% recorded in median house prices.

Our latest figures would indicate that property sellers in New Norfolk are currently offering property investors an average price cut of -7.35% below the asking price at the moment.

Residents and property investors in New Norfolk have been waiting around 109.58 days to sell a property.

Metrics i HOUSE UNIT
$215,000 $200,000
2.38% 2.56%
7.50% 18.69%
2.00% -1.21%
$290 $220
131 27
7.01% 5.72%
63.55 105.93

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 5242
Median household income ($/weekly) 761
Median age of persons 41
Median housing loan repayment ($/monthly) 1118
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 677 12.9
    25-34 years 552 10.5
    35-44 years 601 11.5
    45-54 years 763 14.6
    55-64 years 671 12.8
    Others 1978 37.7
    Age Group
    Census Count Percent(%)
    Not Married 1648 43.2
    Registered Married 1621 42.5
    Defacto Relationship 542 14.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 4676 93.4
    Greece 15 0.3
    Papua New Guinea 39 0.8
    United Kingdom 178 3.6
    Other 35 0.7
    Others 61 1.2
    Country of Birth
    Census Count Percent(%)
    Christianity 3550 74.8
    No Religion 1171 24.7
    Other Religious Groups 14 0.3
    Buddhism 9 0.2
    Islam 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 256 13.8
    $400-$599 327 17.7
    $600-$799 235 12.7
    $800-$999 193 10.4
    $1,000-$1,249 189 10.2
    Others 652 35.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1895 47.3
    Employed, worked full-time 1080 26.9
    Employed, worked part-time 670 16.7
    Unemployed, looking for work 215 5.4
    Employed, away from work 150 3.7
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 335 17.6
    Community & personal service workers 300 15.8
    Clerical & administrative workers 212 11.2
    Sales 209 11.0
    Labourers 326 17.2
    Others 517 27.2
    Occupation
    Census Count Percent(%)
    Pre-school 53 5.4
    Infants/Primary 445 45.1
    Secondary 290 29.4
    Technical or Further Educational Institution 122 12.4
    University or other Tertiary Institutions 60 6.1
    Others 16 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4628 94.1
    Flat, unit or apartment 199 4.0
    Semi-detached, row or terrace house, townhouse 60 1.2
    House or flat attached to a shop, office 31 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 678 34.1
    Fully owned 668 33.6
    Rented 631 31.7
    Other tenure type 12 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals