Median price · 7 years
Rolling 12-month median, all dwellings
$935,000+14.7% past 12 months
2020202120222023202420252026
New Town
Steady outlook Growth score 68 Top 43% of sample
Risk score 33 Low · lower is better
Stability score 82 Consistent over 10 years
What drives the growth score
Nine metrics, each benchmarked against every suburb nationally. Weighted sum equals the score.
Sales momentum18% Strong · 84
Listing scarcity15% Moderate · 65
Rental demand14% Moderate · 69
Days on market12% Moderate · 62
Infrastructure investment11% Strong · 77
Jobs access10% Moderate · 55
Population growth8% Moderate · 62
Income growth7% Moderate · 58
New supply pressure5% · negative Low · 34
Key metrics vs benchmarks
TAS column is the sample-state average; national is the whole sample.
| Metric | New Town | TAS | National |
|---|---|---|---|
| Median price | $935,000 | $763,500 | $734,203 |
| 12-month growth | +14.7% | +6.1% | +8.4% |
| Gross rental yield | 3.8% | 3.9% | 4.0% |
| Vacancy rate | 1.0% | 1.0% | 1.3% |
| Days on market | 28 | 32 | 31 |
| Auction clearance | 62% | 58% | 62% |
| New supply pipeline | Low | Moderate | Moderate |
Risk score components
Lower is safer. Components are read independently; the score is their weighted blend.
33Low risk
New supply pipelineApproved dwellings vs existing stock Low · 34
Employment concentrationShare of jobs in the top two industries Low · 13
Price volatility, 5 yearsLargest peak-to-trough drawdown Low · 28
Vacancy pressureCurrent vacancy vs 2% threshold Low · 18
Hazard exposureFlood, bushfire and storm surge overlays Low · 26
Who lives here
ABS Census, latest release, aggregated to suburb
5,800population 39median age 55%owner-occupied 45%renting
Owner-occupiedRenting
New Town is a prestigious Hobart inner suburb with federation character homes and leafy streets, just 3km from the CBD. With 14.7% annual growth and properties selling in just 28 days, it is one of Tasmania's most in-demand suburbs.
On the ground
Committed projects and catalysts feeding the infrastructure and jobs metrics
- Royal Hobart Hospital proximity
- New Town shopping village
- Hobart CBD access (3km)
- Premium school catchments
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