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New Town
TAS, 7008 - Hobart

Thinking about buying in New Town? Now could not be a better time, with 4139 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $484,000 with prices in this suburb ranging from $27,000 to $3,913,000. New Town is located fairly close to the coast at just 9Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Household Makeup

Median Weekly Rent $343.71
Median Monthly Mortgage $1697.00
Median Persons Per Bedroom 0.89
Average Household Size 2.00
Average Age 38.86
Average Income $776.00
Average Cars Per Dwelling 1.50
Average Properties Within 50M 21

Housing Stock

Average Property Prices

1 Bed  $299,000
2 Bed  $432,000
3 Bed  $567,000
4 Bed  $573,000
5 Bed  $948,000
6 Bed+$628,000

New Town Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in New Town ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in New Town classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in New Town requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. 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.

Houses for sale New Town

Elders unit 4, 82 clare st, new town, tas, 7008 Beds2 Bathrooms1 Parking 1 Offers over $440,000
Elders 20a swanston st, new town, tas, 7008 Beds4 Bathrooms2 Parking 4 Offers over $2,250,000
Elders 15 bay rd, new town, tas, 7008 Beds4 Bathrooms2 Parking 3 Offers over $1,590,000
Harcourts 15 mercer st, new town, tas, 7008 Beds4 Bathrooms2 Parking 2 Offers Over $ 845,000
Harcourts unit 1, 217 new town rd, new town, tas, 7008 Beds4 Bathrooms2 Parking 2 Offers Over $1.45M
Harcourts unit 1, 25 forster st, new town, tas, 7008 Beds7 Bathrooms2 Parking 4 Expressions of Interest
LJ Hooker unit 2, 6 dowding cr, new town, tas, 7008 Beds3 Bathrooms2 Parking 3 Offers Over $825,000
LJ Hooker unit 8, 1 bromby st, new town, tas, 7008 Beds2 Bathrooms1 Parking 1 Offers Over $495,000
PRD 26 tabart st, new town, tas, 7008 Beds Bathrooms Buyer enquiry range - $420,000 - $460,000

Local Schools

New Town High School

Ogilvie High School

New Town Primary School

Sacred Heart College

The Friends' School

Lenah Valley Primary School

Bowen Road Primary School

Immaculate Heart of Mary Catholic School

Hilliard Christian School

St Therese's Catholic School

(While the above schools are located with the suburb of New Town there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

New Town weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.013.623.938.080.45.023.1
Feb1.012.922.442.383.14.518.0
Mar1.212.021.443.584.04.312.8
Apr1.110.018.843.882.94.59.3
May2.07.715.449.884.94.55.9
Jun1.75.813.157.088.14.45.0
Jul1.45.31352.885.24.76.0
Aug2.05.313.749.084.94.88.3
Sept1.67.416.342.484.24.812.5
Oct1.88.518.041.083.44.817.7
Nov1.710.419.840.883.15.020
Dec1.712.021.541.481.44.923.4

source: Australian Government Bureau of Meteorology


Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

MoonahQueens DomainNorth HobartMount StuartLutanaWest MoonahGlebeDerwent ParkWest HobartHobart

Public Transport


General Points of Interest

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