New Norfolk, TAS 7140: Suburb Profile & Property Report

Market Report

House report
Unit Report

In New Norfolk, the median property price for a house is currently $460,000 with annual capital growth of -1.60% . There were 99 house sales in the past 12 months. On average, houses spend 66 days on market.

If you're thinking about buying an investment property in New Norfolk, consider that rental yields for houses are currently 5.26% with an average median rent of $450 weekly. Houses have seen -4.17% growth in the past quarter, and -1.60% growth in the past 12 months.

The size of New Norfolk is approximately 18.5 square kilometres. It has 20 parks covering nearly 9.6% of total area. The population of New Norfolk in 2011 was 5,242 people. By 2016 the population was 5,431 showing a population growth of 3.6% in the area during that time. The predominant age group in New Norfolk is 50-59 years.

Households in New Norfolk are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in New Norfolk work in a labourer occupation. In 2011, 65.3% of the homes in New Norfolk were owner-occupied compared with 62.9% in 2016.

In New Norfolk, the median property price for a unit is currently $425,000 with annual capital growth of -12.37% . There were 14 unit sales in the past 12 months. On average, units spend 20 days on market.

If you're thinking about buying an investment property in New Norfolk, consider that rental yields for units are currently 4.72% with an average median rent of $382 weekly. Units have seen -4.92% growth in the past quarter, and -12.37% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$460,000	$425,000
Quarterly growth	-4.17%	-4.92%
12-month growth	-1.60%	-12.37%
Average annual growth	+11.41%	+11.42%
Weekly median rent	$450	$382
Gross rental yield	5.26%	4.72%
Number of Sales (12m)	99	14
Avg. Days on Market (12m)	66	20

Jump to Market Trends

Key Demographics	2011	2016
Total population	5,242	5,431
Population change (5y)	+0.23%	+3.60%
Median household income (p/w)	$776	$908
Household income change (5y)	+22.01%	+17.01%
Median age of persons	41	42

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in New Norfolk is $460,000 for houses and $425,000 for units.

The Median Growth in New Norfolk over the past 12 months is -1.60% for houses and -12.37% for units.

Over the past 12 months there were 99 houses sold and 14 units sold in New Norfolk. On average, houses spent 66 days on market and units spent 20 days on market.

In the past 12 months up to September 2024 there were 99 houses sold and 14 units sold in New Norfolk. On average, houses spent 66 days on market and units spent 20 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in New Norfolk is $450 for houses and $382 for units.

The Rental Yield in New Norfolk is 5.26% for houses and 4.72% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of New Norfolk was 5,431 in 2016, a +3.60% change compared to 2011.

The predominant age group in New Norfolk is 50-59 years.

The population of New Norfolk was 5,431 in 2016, a +3.60% change compared to 2011.

The predominant age group in New Norfolk is 50-59 years.

Most of the population in New Norfolk were born in Australia.

Most of the population in New Norfolk report their religion as No Religion.

Most of the population in New Norfolk report their religion as Anglican.

Most of the population in New Norfolk report their income range as between $15,000 and $33,000 .

The median household income in New Norfolk was $908 in 2016, a +17.01% change compared to 2011.

Most of the population in New Norfolk report their income range as between $15,000 and $31,000 .

The median household income in New Norfolk was $776 in 2011, a +22.01% change compared to 2006.

Most of the population in New Norfolk work as Labourer.

Most of the population in New Norfolk work as Trades.

The chart below demonstrates the various levels of education in New Norfolk.

Most of the population in New Norfolk reached a qualification level of Certificate.

2011 2016

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