Thinking about buying in New Town? Now could not be a better time, with 4139 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $484,000 with prices in this suburb ranging from $27,000 to $3,913,000. New Town is located fairly close to the coast at just 9Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

New Town Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in New Town ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in New Town classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in New Town requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Houses for sale New Town

	32 FRASER ST, NEW TOWN, TAS, 7008	4	1	2	$875,000 +
	UNIT 2, 48 BISHOP ST, NEW TOWN, TAS, 7008	2	1	1	Offers Over $545,000
	UNIT 1, 106 NEW TOWN RD, NEW TOWN, TAS, 7008	2	1	1	Offers Over $499,000
	42 TOWER RD, NEW TOWN, TAS, 7008	3	1	3	Offers Over $799,000
	26 TABART ST, NEW TOWN, TAS, 7008				Buyer enquiry range - $420,000 - $460,000

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General Points of Interest

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