New Norfolk is a mid-sized suburb in Tasmania within the Derwent Valley local government area (postcode 7140). With a population of 6,037, the suburb has an established demographic with a median age of 40. Households earn a median income of $58K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in New Norfolk is $480,000, having increased 2.7% over the past year. Units have a median price of $448,000 (-0.8% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $1,127.
New Norfolk is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 908, which is below the national average of 1,000. Public transport access includes 1 rail station, 25 bus stops.
From an investment perspective, New Norfolk offers a gross rental yield of 5.6%, rated as high yield. Property prices sit below the state median ($480K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 8.3x is considered moderate. House prices have moved +2.7% year-on-year.
New Norfolk is a mid-sized suburb in Tasmania within the Derwent Valley local government area (postcode 7140). With a population of 6,037, the suburb has an established demographic with a median age of 40. Households earn a median income of $58K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in New Norfolk is $480,000, having increased 2.7% over the past year. Units have a median price of $448,000 (-0.8% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $1,127.
New Norfolk is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 908, which is below the national average of 1,000. Public transport access includes 1 rail station, 25 bus stops.
From an investment perspective, New Norfolk offers a gross rental yield of 5.6%, rated as high yield. Property prices sit below the state median ($480K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 8.3x is considered moderate. House prices have moved +2.7% year-on-year.