This property is Off Market
With an average age of 50, households expect an average monthly mortgage payment of $1,200 or a weekly rent payment of $280. The average family earns a weekly income of $1,562 with a typical household size of 2.2 and a 94.94% employment rate.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in New Norfolk is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in New Norfolk provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in New Norfolk necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
(Country of Birth not stated 6%)
New Norfolk a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Tasmania State average 45 / 100
Income
24 / 100
41 / 100
Industry
46 / 100
40 / 100
Population
33 / 100
40 / 100
House Prices
54 / 100
65 / 100
Jobs
36 / 100
38 / 100
Incidents Trend State Average
St Francis Flexible Learning Centre
Chigwell, TAS, 7011 Independent 7-10
St Brigid's Catholic School
New Norfolk, TAS, 7140 Independent Prep-6
New Norfolk Primary School
New Norfolk, TAS, 7140 State K-6
Collinsvale Primary School
Collinsvale, TAS, 7012 State K-6
JRLF - Senior School
Bridgewater, TAS, 7030 State 7-12
Northern Christian School
Bridgewater, TAS, 7030 Independent Prep-6
Molesworth Primary School
Molesworth, TAS, 7140 State K-6
Fairview Primary School
New Norfolk, TAS, 7140 State K-6
Austins Ferry Primary School
Claremont, TAS, 7011 State K-6
New Norfolk High School
New Norfolk, TAS, 7140 State 7-12
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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