Median Sale Price
House
$675K
Updated on Jan 2020
2 BR $529K | 3 BR $675K | 4 BR $722K |
Unit
$398K
Updated on Jan 2020
1 BR $319K | 2 BR $400K | 3 BR $479K |
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 | $675,000 | +3.5% | $515,000 | $982,000 | 63 |
| 2020 | $665,000 | -1.5% | $575,000 | $780,000 | 12 |
Median Sale Price
$675K
Based on 71 recorded sales within the last 12 months
Updated on 20 Feb 2020
Suburb Growth
+3.5%
Current Median Price: $675,000
Previous Median Price: $651,500
Based on 131 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Jan 2020)
Price Range Segments (12 months ending Jan 2020)
Median Weekly Rent Price
House
$550
Updated on Jan 2020
2 BR $430 | 3 BR $550 | 4 BR $600 |
Unit
$350
Updated on Jan 2020
1 BR $320 | 2 BR $355 | 3 BR $550 | 4 BR $723 |
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 | $750 | 67 |
| 2020 | $620 | +11.3% | $190 | $750 | 6 |
Median Rent Price
$550
per week
Based on 67 recorded rent within the last 12 months
Updated on 20 Feb 2020
Rent Price Growth
+9.1%
Current Median Rent: $550
Previous Median Rent: $500
Based on 132 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 138 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Jan 2020)
Auction Results For New Town
Houses sold in Last 12 months ends 15 Feb 2020
$671K
Median Sale Price
100%
Clearance Rate
21/21
Sold/Reported
$760K
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $600 K - $800 K (Median Price Range) | 4 | |
| $400 K - $600 K | 3 | |
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 |