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 4.7% and has experienced a 12-month capital growth of Up 15.7%, with a median house buy price of $590,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$532,000
$580,000
$627,500
$590,000
Suburb Market Profile
Last month Newnham had 25 properties available for rent and 17 properties for sale. Median property prices over the last year range from $590,000 for houses to $467,500 for units. If you are looking for an investment property, consider houses in Newnham rent out for $520 PW with an annual rental yield of 4.7% and units rent for $440 PW with a rental yield of 5.0%. Newnham has seen an annual compound growth rate of 15.7% for houses and 32.8% for units.