New Norfolk, TAS 7140: Suburb Profile & Property Report

Market Report

House report
Unit Report

In New Norfolk, the median property price for a house is currently $465,000 with annual capital growth of 1.09% . There were 124 house sales in the past 12 months. On average, houses spend 68 days on market.

If you're thinking about buying an investment property in New Norfolk, consider that rental yields for houses are currently 5.46% with an average median rent of $450 weekly. Houses have seen 1.09% growth in the past quarter, and 1.09% growth in the past 12 months.

The size of New Norfolk is approximately 18.5 square kilometres. It has 20 parks covering nearly 9.6% of total area. The population of New Norfolk in 2016 was 5432 people. By 2021 the population was 6037 showing a population growth of 11.1% in the area during that time. The predominant age group in New Norfolk is 30-39 years.

Households in New Norfolk are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in New Norfolk work in a trades occupation.In 2021, 66.10% of the homes in New Norfolk were owner-occupied compared with 62.90% in 2016.

In New Norfolk, the median property price for a unit is currently $400,000 with annual capital growth of -5.88% . There were 15 unit sales in the past 12 months. On average, units spend 52 days on market.

If you're thinking about buying an investment property in New Norfolk, consider that rental yields for units are currently 5.28% with an average median rent of $408 weekly. Units have seen 0.63% growth in the past quarter, and -5.88% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$465,000	$400,000
Quarterly growth	+1.09%	+0.63%
12-month growth	+1.09%	-5.88%
Average annual growth	+8.80%	+4.99%
Weekly median rent	$450	$408
Gross rental yield	5.46%	5.28%
Number of Sales (12m)	124	15
Avg. Days on Market (12m)	68	52

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Key Demographics	2011	2016
Total population	5,242	5,432
Population change (5y)	+0.23%	+11.10%
Median household income (p/w)	$376	$1,330
Household income change (5y)	+1609.09%	+253.72%
Median age of persons	47	51

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Lender	Home Loan	Interest Rate	Comparison Rate*	Monthly Repayment	Repayment type	Rate Type	Ongoing Fees	Upfront Fees	Max LVR	Tags	Features	Link	Compare	Promoted Product	Disclosure
loans.com.au	loans.com.au Variable Investor Loan P&I <90%	5.59% p.a.	5.63% p.a.	$2,867	Principal & Interest	Variable	$0	$530	90%	Investor Variable Principal & Interest 10% Min Deposit Redraw Extra Repayments More details	Minimum 10% deposit needed to qualify. Available for purchase or refinance No application, ongoing monthly or annual fees. Flexibility to split your loan with both fixed and variable rates	Go to site	Compare	Promoted	Disclosure
Unloan	Unloan Variable Rate Investment Loan LVR < 80%	5.39% p.a.	5.30% p.a.	$2,805	Principal & Interest	Variable	$0	$0	80%	Investor Variable Principal & Interest 20% Min Deposit Redraw More details		More details	Compare
Macquarie Bank	Macquarie Bank Basic Home Loan (Variable, Investment, Principal and Interest, max LVR 60%)	5.44% p.a.	5.46% p.a.	$2,820	Principal & Interest	Variable	$0	$350	60%	Investor Variable Principal & Interest 40% Min Deposit Redraw More details		More details	Compare

Important Information and Comparison Rate Warning

Monthly repayments based on a $500,000 loan amount over 30 years.

Market Trends

Houses

Units

The Median Sale Price in New Norfolk is $465,000 for houses and $400,000 for units.

The Median Growth in New Norfolk over the past 12 months is 1.09% for houses and -5.88% for units.

Over the past 12 months there were 124 houses sold and 15 units sold in New Norfolk. On average, houses spent 68 days on market and units spent 52 days on market.

In the past 12 months up to August 2025 there were 124 houses sold and 15 units sold in New Norfolk. On average, houses spent 68 days on market and units spent 52 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in New Norfolk is $450 for houses and $408 for units.

The Rental Yield in New Norfolk is 5.46% for houses and 5.28% for units.

1 Year 5 Years 10 Years

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New Norfolk, 7140