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 5.6% and has experienced a 12-month capital growth of Up 19.6%, with a median house buy price of $556,000. This combination provides a high-yield positive cashflow potential for investment portfolios in Australia.
Market Yield & Price Indices
$495,000
$528,500
$635,000
$556,000
Suburb Market Profile
Last month New Norfolk had 21 properties available for rent and 28 properties for sale. Median property prices over the last year range from $556,000 for houses to $480,000 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 5.6% and units rent for $450 PW with a rental yield of 5.2%. New Norfolk has seen an annual compound growth rate of 19.6% for houses and 15.7% for units.
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