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 4.1% and has experienced a 12-month capital growth of Up 3.5%, with a median house buy price of $885,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$710,000
$868,000
$1,050,000
$885,000
Suburb Market Profile
Last month New Town had 21 properties available for rent and 21 properties for sale. Median property prices over the last year range from $885,000 for houses to $441,500 for units. If you are looking for an investment property, consider houses in New Town rent out for $650 PW with an annual rental yield of 4.1% and units rent for $495 PW with a rental yield of 4.8%. New Town has seen an annual compound growth rate of 3.5% for houses and -12.0% for units.