NEWNHAM 7248
State: TASPosiProp AI Investment Summary
NEWNHAM (TAS 7248) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 4.5% and has experienced a 12-month capital growth of Up 17.1%, with a median house buy price of $621,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$534,850
$620,000
$682,500
$621,000
Suburb Market Profile
Last month Newnham had 31 properties available for rent and 26 properties for sale. Median property prices over the last year range from $621,000 for houses to $472,500 for units. If you are looking for an investment property, consider houses in Newnham rent out for $550 PW with an annual rental yield of 4.5% and units rent for $455 PW with a rental yield of 5.1%. Newnham has seen an annual compound growth rate of 17.1% for houses and 27.7% for units.
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