Thinking about buying in New Town? Now could not be a better time, with 746 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $360,000 with prices in this suburb ranging from $56,000 to $841,000. New Town is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $255.00 |
Median Monthly Mortgage | $1171.00 |
Median Persons Per Bedroom | 0.70 |
Average Household Size | 3.00 |
Average Age | 40.00 |
Average Income | $537.00 |
Average Cars Per Dwelling | 2.10 |
Average Properties Within 50M | 6 |
1 Bed  $204,000 |
2 Bed  $257,000 |
3 Bed  $370,000 |
4 Bed  $535,000 |
5 Bed  $633,000 |
6 Bed+$609,000 |
In New Town there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine New Town due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in New Town leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in New Town to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in New Town we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make New Town a better buying opportunity than it may have been in the past.
54 thomas st, new town, sa, 5554 | 3 | 2 | 2 | PRICE GUIDE - $359,000 - $389,000 |
Kadina Memorial School
Harvest Christian College
Wallaroo Mines Primary School
(While the above schools are located with the suburb of New Town there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 0.7 | 14.5 | 32.0 | 23.9 | 82.7 | 5.4 | 26.1 |
Feb | 1.1 | 14.4 | 31.7 | 25.7 | 85.4 | 4.9 | 24 |
Mar | 0.6 | 12.3 | 28.7 | 27.6 | 87.2 | 4.5 | 19.1 |
Apr | 0.9 | 9.6 | 24.8 | 32.4 | 85.5 | 4.3 | 15.2 |
May | 1.2 | 7.2 | 19.4 | 44.8 | 91.3 | 4.4 | 11.4 |
Jun | 1.8 | 5.7 | 16.0 | 55.3 | 94.0 | 4.7 | 9.6 |
Jul | 1.4 | 5.0 | 15.4 | 59.2 | 95.4 | 4.9 | 9.9 |
Aug | 1.4 | 4.1 | 16.7 | 50.7 | 94.6 | 4.7 | 12.8 |
Sept | 0.7 | 5.2 | 21.4 | 35.8 | 93.7 | 4.9 | 17.6 |
Oct | 0.9 | 7.4 | 24.2 | 30.1 | 91.7 | 4.9 | 21.6 |
Nov | 0.7 | 9.7 | 27.5 | 23.6 | 87.4 | 5 | 25.4 |
Dec | 0.9 | 12.4 | 30.9 | 21.4 | 83.7 | 5.1 | 28.7 |
source: Australian Government Bureau of Meteorology
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