New Town is a mid-sized suburb in Tasmania within the Hobart local government area (postcode 7008). With a population of 6,781, the suburb has an established demographic with a median age of 38. Households earn a median income of $83K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in New Town is $883,000, having declined 6.9% over the past year. Units have a median price of $458,000 (-4.7% YoY). The current median weekly rent is $385. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,771.
New Town is served by 3 schools, including 1 primary, 1 secondary, 1 combined. The average ICSEA score is 1020, which is around the national average of 1,000. Public transport access includes 60 bus stops.
From an investment perspective, New Town offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($883K/$750K). The price-to-income ratio of 10.6x is considered stretched. House prices have moved -6.9% year-on-year.
New Town is a mid-sized suburb in Tasmania within the Hobart local government area (postcode 7008). With a population of 6,781, the suburb has an established demographic with a median age of 38. Households earn a median income of $83K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in New Town is $883,000, having declined 6.9% over the past year. Units have a median price of $458,000 (-4.7% YoY). The current median weekly rent is $385. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,771.
New Town is served by 3 schools, including 1 primary, 1 secondary, 1 combined. The average ICSEA score is 1020, which is around the national average of 1,000. Public transport access includes 60 bus stops.
From an investment perspective, New Town offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($883K/$750K). The price-to-income ratio of 10.6x is considered stretched. House prices have moved -6.9% year-on-year.