Suburb Profile

Suburb profile for,

New Norfolk, TAS 7140

About New Norfolk

New Norfolk is a residential suburb in Tasmania, sitting within the 7140 postcode.

Demographics and Community

New Norfolk has a population of approximately 5,431, a median age of 42, a median weekly household income of $908.

Property Market Overview

The current median house price in New Norfolk is $460,000. Average annual growth is 3.4%.

Properties in New Norfolk spend an average of 29 days on market.

Rental Market

The median weekly rent for houses in New Norfolk is $400. Gross rental yield is 4.60%, providing a solid income return.

Considering New Norfolk for Investment?

Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering New Norfolk or need help identifying the right suburb for your strategy, get in touch with our team.

SUBURB DATA

Quantitative data for,

New Norfolk, TAS 7140

The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.

State
TAS
Suburb
NEW NORFOLK
Postcode
7140
Median price for all dwellings
$460,000
Last 12 months growth return
Up 3.4%
Avg. dwellings for sale in the suburb every month
52
Avg. dwellings sold in the suburb in previous 12 months
105
Avg days on market for a dwelling listing to sell
29 days
Avg. number of people searching in this suburb every month
1075
Avg. rental yield per annum
4.60%
Weekly median rent for all dwellings
$400 per week
Median price for all houses
$460,000
Avg. rental yield growth in the previous 12 months
4.60%
Avg. days for a rental listing to find a tennant
17 days
Total suburb population in 2016
5431
Total suburb population change in 5 years up to 2016
3.60%
Avg. household income per week
$908
Median age of the population in the suburb
42
Historic avg annual growth return per annum in the suburb
18.24%