Is NEW NORFOLK a good suburb for positive geared property investment in Australia?

NEW NORFOLK in TAS currently features property rental yields up to 5.6% with a 12-month capital growth value of Up 17.0%. Under standard conditions, suburbs with yields above 5.0% represent strong positive gearing potential.

What is the median house price in NEW NORFOLK 7140?

The median house price in NEW NORFOLK 7140 is approximately $541,000 based on the latest tracked market indices.

Investment Spotlight • Australia

NEW NORFOLK 7140

State: TAS

Updated: 9 July 2026

PosiProp AI Investment Summary

NEW NORFOLK (TAS 7140) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 5.6% and has experienced a 12-month capital growth of Up 17.0%, with a median house buy price of $541,000. This combination provides a high-yield positive cashflow potential for investment portfolios in Australia.

Positive Gearing Potential Verified: Suburb rental index metrics qualify Richmond for positive cash flow portfolios. Review the price brackets and explore the live listings below.

Market Yield & Price Indices

2 house • buy

$485,000

Up 12.8% 5.1% Yield

3 house • buy

$520,000

Up 13.0% 5.5% Yield

4 house • buy

$620,000

Up 10.2% 5.1% Yield

all house • buy

$541,000

Up 17.0% 5.6% Yield

Suburb Market Profile

Last month New Norfolk had 16 properties available for rent and 28 properties for sale. Median property prices over the last year range from $541,000 for houses to $476,750 for units. If you are looking for an investment property, consider houses in New Norfolk rent out for $530 PW with an annual rental yield of 5.6% and units rent for $450 PW with a rental yield of 5.1%. New Norfolk has seen an annual compound growth rate of 17.0% for houses and 19.9% for units.

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