NEW TOWN 7008
State: TASPosiProp AI Investment Summary
NEW TOWN (TAS 7008) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 4.3% and has experienced a 12-month capital growth of Up 2.4%, with a median house buy price of $904,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$749,500
$895,000
$1,062,500
$904,000
Suburb Market Profile
Last month New Town had 25 properties available for rent and 20 properties for sale. Median property prices over the last year range from $904,000 for houses to $460,000 for units. If you are looking for an investment property, consider houses in New Town rent out for $673 PW with an annual rental yield of 4.3% and units rent for $500 PW with a rental yield of 4.8%. New Town has seen an annual compound growth rate of 2.4% for houses and -8.3% for units.
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