Median Sale Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
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 | $265,000 | 0.0% | $80,000 | $530,000 | 128 |
| 2014 | $235,000 | -12.8% | $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 | $505,000 | +13.9% | $275,000 | $975,000 | 75 |
| 2023 | $493,500 | -2.3% | $330,000 | $830,000 | 92 |
| 2024 | $495,000 | +0.3% | $385,000 | $680,000 | 26 |
Median Sale Price
$495K
Based on 92 recorded sales within the last 12 months
Updated on 20 Apr 2024
Suburb Growth
-0.8%
Current Median Price: $495,000
Previous Median Price: $499,000
Based on 170 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 2024
1 BR - | 2 BR - | 3 BR - |
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 | $650 | 114 |
| 2016 | $290 | +6.9% | $125 | $540 | 99 |
| 2017 | $310 | +6.5% | $110 | $620 | 66 |
| 2018 | $320 | +3.1% | $240 | $470 | 61 |
| 2019 | $340 | +5.9% | $200 | $520 | 78 |
| 2020 | $350 | +2.9% | $195 | $585 | 56 |
| 2021 | $420 | +16.7% | $185 | $680 | 76 |
| 2022 | $420 | 0.0% | $320 | $670 | 76 |
| 2023 | $460 | +8.7% | $220 | $720 | 101 |
| 2024 | $500 | +8.0% | $310 | $690 | 22 |
Median Rent Price
$460
per week
Based on 87 recorded rent within the last 12 months
Updated on 20 Apr 2024
Rent Price Growth
+2.2%
Current Median Rent: $460
Previous Median Rent: $450
Based on 172 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+4.8%
Current Median Price: $495,000
Current Median rent: $460
Based on 179 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
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 |