Median Sale Price
House
$470K
Updated on May 2022
2 BR $390K | 3 BR $461K | 4 BR $574K |
Unit
$341K
Updated on May 2022
1 BR - | 2 BR $320K | 3 BR $478K |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $250,000 | 0.0% | $158,000 | $710,000 | 103 |
| 2010 | $250,000 | 0.0% | $125,000 | $420,000 | 80 |
| 2011 | $257,000 | +2.7% | $115,000 | $3,200,000 | 77 |
| 2012 | $265,000 | +3.0% | $149,500 | $440,000 | 78 |
| 2013 | $264,000 | -0.4% | $80,000 | $480,000 | 128 |
| 2014 | $235,000 | -12.3% | $90,000 | $590,000 | 81 |
| 2015 | $249,000 | +5.6% | $145,000 | $430,000 | 85 |
| 2016 | $250,000 | +0.4% | $93,500 | $395,000 | 95 |
| 2017 | $250,000 | 0.0% | $102,500 | $620,000 | 128 |
| 2018 | $275,000 | +9.1% | $150,000 | $500,000 | 108 |
| 2019 | $300,000 | +8.3% | $168,000 | $560,000 | 127 |
| 2020 | $335,000 | +10.4% | $170,000 | $895,000 | 95 |
| 2021 | $435,000 | +23.0% | $240,000 | $772,000 | 108 |
| 2022 | $480,000 | +9.4% | $292,000 | $770,000 | 41 |
Median Sale Price
$478K
Based on 86 recorded sales within the last 12 months
Updated on 8 Jul 2022
Suburb Growth
+24.7%
Current Median Price: $478,000
Previous Median Price: $360,000
Based on 195 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Jun 2022)
Price Range Segments (12 months ending Jun 2022)
Median Weekly Rent Price
House
$415
Updated on May 2022
2 BR $335 | 3 BR $420 | 4 BR $505 |
Unit
$320
Updated on May 2022
1 BR $210 | 2 BR $320 | 3 BR $470 |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | - | - | - | - | - |
| 2012 | $250 | 0.0% | $250 | $250 | 1 |
| 2013 | $250 | 0.0% | $130 | $250 | 2 |
| 2014 | $280 | +10.7% | $130 | $430 | 69 |
| 2015 | $270 | -3.7% | $150 | $470 | 114 |
| 2016 | $290 | +6.9% | $125 | $540 | 99 |
| 2017 | $305 | +4.9% | $110 | $570 | 65 |
| 2018 | $320 | +4.7% | $240 | $470 | 61 |
| 2019 | $330 | +3.0% | $200 | $520 | 78 |
| 2020 | $350 | +5.7% | $195 | $490 | 56 |
| 2021 | $410 | +14.6% | $185 | $680 | 74 |
| 2022 | $420 | +2.4% | $320 | $650 | 37 |
Median Rent Price
$420
per week
Based on 67 recorded rent within the last 12 months
Updated on 8 Jul 2022
Rent Price Growth
+9.5%
Current Median Rent: $420
Previous Median Rent: $380
Based on 134 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.6%
Current Median Price: $478,000
Current Median rent: $420
Based on 153 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Jun 2022)
Schools closest to Newnham, TAS 7248
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| East Tamar Primary School | Mayfield 7248 | Primary | Government | 0.37 km |
| Brooks High School | 215 GEORGE TOWN RDRocherlea 7248 | Secondary | Government | 1.33 km |
| Mowbray Heights Primary School | CADORNA STREETMowbray 7248 | Primary | Government | 1.62 km |
| Launceston Church Grammar SchoolTop 10 | BUTTON STREETMowbray 7248 | Combined | Independent | 2.18 km |