2. TAS
  3. Launceston

Newnham TAS 7248

Houses Units

Here you can find what you need to know about Newnham, TAS, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$478K Median Sale Price (National Average $485k) 136th In TAS
-3.29% Median Sale Price Change (1yr) (National Average 4.30%) 675th In TAS
$470pw Median Rent (National Average $395) 68th In TAS
5.1% Median Gross Yield (National Average 4.24%) 20th In TAS
Properties sold 91
Average discounting -4.23%
Average Days on Market 60
Stock on Market 48 for sale

Investment Strategy Scores

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Newnham, TAS National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Newnham, TAS National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Newnham, TAS National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Newnham


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Newnham, TAS 7248

Part of: Launceston Council No data available

The size of Newnham is approximately 6.1 square kilometres. It has 8 parks covering nearly 2.7% of total area. The population of Newnham in 2011 was 5,930 people. By 2016 the population was 6,444 showing a population growth of 8.7% in the area during that time. The predominant age group in Newnham is 20-29 years. Households in Newnham are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newnham work in a labourer occupation. In 2011, 63% of the homes in Newnham were owner-occupied compared with 60.4% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Newnham

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Newnham   for Houses in last 12 months


There have been 91 Houses sold in Newnham in the past 12 months with a median sale price of $478K, down 3.3% annually. It takes on average 37 days to sell with vendor discounting of -4.2%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Newport NSW, 2106 -0.93% $2,675,000 $1,250pw 2.4% View Suburb Profile
Mowbray TAS, 7248 Unavailable $435,000 $435pw 5.2% View Suburb Profile
Langwarrin VIC, 3910 3.05% $845,000 $580pw 3.6% View Suburb Profile
Derby WA, 6728 -27.03% $202,500 $420pw 10.8% View Suburb Profile
Invermay TAS, 7248 -5.14% $480,000 $450pw 4.9% View Suburb Profile
Mcmahons Point NSW, 2060 4.31% $3,755,000 $1,225pw 1.7% View Suburb Profile

Currency

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