Newnham is a mid-sized suburb in Tasmania within the Launceston local government area (postcode 7248). With a population of 7,073, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $64K per year, with an average household size of 2.5 people. The most common occupations are labourers, community & personal service, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Newnham is $450,000, having dipped slightly 1.1% over the past year. Units have a median price of $348,000 (-1.4% YoY). The current median weekly rent is $490. This gives a gross rental yield of approximately 5.7%. The median monthly mortgage repayment is $1,300.
Newnham is served by 1 school, including 1 combined. The average ICSEA score is 1011, which is around the national average of 1,000. Public transport access includes 37 bus stops.
From an investment perspective, Newnham offers a gross rental yield of 5.7%, rated as high yield. Property prices sit below the state median ($450K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 7.1x is considered moderate. House prices have moved -1.1% year-on-year.
Newnham is a mid-sized suburb in Tasmania within the Launceston local government area (postcode 7248). With a population of 7,073, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $64K per year, with an average household size of 2.5 people. The most common occupations are labourers, community & personal service, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Newnham is $450,000, having dipped slightly 1.1% over the past year. Units have a median price of $348,000 (-1.4% YoY). The current median weekly rent is $490. This gives a gross rental yield of approximately 5.7%. The median monthly mortgage repayment is $1,300.
Newnham is served by 1 school, including 1 combined. The average ICSEA score is 1011, which is around the national average of 1,000. Public transport access includes 37 bus stops.
From an investment perspective, Newnham offers a gross rental yield of 5.7%, rated as high yield. Property prices sit below the state median ($450K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 7.1x is considered moderate. House prices have moved -1.1% year-on-year.