Median Sale Price
House
$678K
Updated on Mar 2020
2 BR $567K | 3 BR $675K | 4 BR $722K |
Unit
$400K
Updated on Mar 2020
1 BR $314K | 2 BR $400K | 3 BR $482K |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $382,500 | 0.0% | $175,000 | $820,000 | 60 |
| 2010 | $425,000 | +10.0% | $200,000 | $1,400,000 | 83 |
| 2011 | $430,000 | +1.2% | $255,000 | $1,010,000 | 68 |
| 2012 | $432,500 | +0.6% | $175,000 | $1,130,000 | 78 |
| 2013 | $390,000 | -10.9% | $210,000 | $1,100,000 | 77 |
| 2014 | $440,000 | +11.4% | $180,000 | $1,725,000 | 85 |
| 2015 | $460,000 | +4.3% | $290,000 | $975,000 | 74 |
| 2016 | $484,000 | +5.0% | $200,000 | $1,375,000 | 86 |
| 2017 | $597,500 | +19.0% | $292,000 | $2,125,000 | 80 |
| 2018 | $651,500 | +8.3% | $278,000 | $1,208,680 | 66 |
| 2019 | $670,000 | +2.8% | $350,000 | $982,000 | 63 |
| 2020 | $701,200 | +4.4% | $460,000 | $905,000 | 27 |
Median Sale Price
$675K
Based on 72 recorded sales within the last 12 months
Updated on 26 May 2020
Suburb Growth
+1.5%
Current Median Price: $675,000
Previous Median Price: $665,000
Based on 125 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Apr 2020)
Price Range Segments (12 months ending Apr 2020)
Median Weekly Rent Price
House
$540
Updated on Apr 2020
2 BR $420 | 3 BR $550 | 4 BR $590 |
Unit
$360
Updated on Apr 2020
1 BR $300 | 2 BR $398 | 3 BR $545 | 4 BR $700 |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | - | - | - | - | - |
| 2012 | - | - | - | - | - |
| 2013 | $450 | 0.0% | $450 | $450 | 1 |
| 2014 | $350 | -28.6% | $175 | $700 | 56 |
| 2015 | $380 | +7.9% | $190 | $650 | 92 |
| 2016 | $430 | +11.6% | $140 | $650 | 83 |
| 2017 | $490 | +12.2% | $205 | $850 | 64 |
| 2018 | $500 | +2.0% | $295 | $850 | 68 |
| 2019 | $550 | +9.1% | $190 | $720 | 67 |
| 2020 | $550 | 0.0% | $190 | $750 | 40 |
Median Rent Price
$550
per week
Based on 85 recorded rent within the last 12 months
Updated on 26 May 2020
Rent Price Growth
+5.5%
Current Median Rent: $550
Previous Median Rent: $520
Based on 140 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.2%
Current Median Price: $675,000
Current Median rent: $550
Based on 157 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Apr 2020)
Auction Results For New Town
Houses sold in Last 12 months ends 23 May 2020
$680K
Median Sale Price
100%
Clearance Rate
17/17
Sold/Reported
$760K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $600 K - $800 K (Median Price Range) | 3 | |
| $400 K - $600 K | 2 | |
Similar Suburbs to New Town 7008
Based on median house sale price sold in last 12 months
Schools closest to New Town, TAS 7008
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Sacred Heart College | 2 CROSS STNew Town 7008 | Combined | Catholic | 0.52 km |
| New Town Primary School | FORSTER STREETNew Town 7008 | Primary | Government | 0.87 km |
| Ogilvie High School | 228 NEW TOWN ROADNew Town 7008 | Secondary | Government | 1.07 km |
| The Friends SchoolTop 5 | North Hobart 7002 | Combined | Independent | 1.34 km |
| New Town High School | 6 MIDWOOD STREETNew Town 7008 | Secondary | Government | 1.31 km |
| Bowen Road Primary School | 35 BOWEN ROADMoonah 7009 | Primary | Government | 1.58 km |
| Campbell Street Primary School | 231 CAMPBELL STREETHOBART 7000 | Primary | Government | 1.62 km |
| Mount Stuart Primary SchoolTop 20 | 106 GILLON CRESCENTMount Stuart 7000 | Primary | Government | 1.75 km |
| Lambert School | 38-40 CHURCH STNorth Hobart 7000 | Combined | Independent | 1.8 km |
| Lenah Valley Primary School | 11 CREEK ROADLenah Valley 7008 | Primary | Government | 1.57 km |