NEW NORFOLK 7140
State: TASPosiProp AI Investment Summary
NEW NORFOLK (TAS 7140) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 5.5% and has experienced a 12-month capital growth of Up 18.7%, with a median house buy price of $558,000. This combination provides a high-yield positive cashflow potential for investment portfolios in Australia.
Market Yield & Price Indices
$495,000
$530,000
$640,000
$558,000
Suburb Market Profile
Last month New Norfolk had 20 properties available for rent and 26 properties for sale. Median property prices over the last year range from $558,000 for houses to $476,750 for units. If you are looking for an investment property, consider houses in New Norfolk rent out for $550 PW with an annual rental yield of 5.5% and units rent for $450 PW with a rental yield of 5.1%. New Norfolk has seen an annual compound growth rate of 18.7% for houses and 13.5% for units.
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