New Norfolk TAS 7140
New Norfolk is in Derwent Valley LGA, TAS, postcode 7140, with population 6,037.
Strong evidence
New Norfolk has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Schools, and Transport. Missing or weaker areas are still shown so the page does not overstate precision.
Weekly rent screens at about 48% of annual income. Income and rent use area-level data, so household-level affordability can differ.
Open matching rent ranking →56 latest-year approvals in Derwent Valley, +0.0% YoY; population +0.7% YoY (1.1% 5yr).
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QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
Release-based suburb price series, not a live market feed
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Income-stretched rent market
Weekly rent screens at about 48% of annual income. Snapshot rent $475/wk.
Income and rent use area-level data, so household-level affordability can differ.
New Norfolk has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Schools, and Transport. Missing or weaker areas are still shown so the page does not overstate precision.
Use compare to test the suburb against another candidate, then validate financial assumptions in the calculator where available.
Property prices, Market rent, Schools, Transport
No fallback or lower-precision signals flagged.
Crime, Hospitals
New Norfolk currently reads as a income-first candidate with a affordability-first secondary angle.
Gross yield screens at about 5.1%. Entry price sits in the lower-cost range for a first-pass screen. No major decision caution is visible from the current evidence layer.
Compare it against one challenger, then use the AU calculator to model the financial case.
Gross yield screens at about 5.1%. Entry price sits in the lower-cost range for a first-pass screen. School coverage gives the page a stronger family/livability signal.
No major caution is visible beyond the normal source checks.
No decisive evidence gap was detected from the current inputs.
Compare-ready
- Buyers want a quick sense of price, schools, and neighbourhood scale before getting lost in data.
- Investors want to know whether rent, yield, and affordability broadly support the suburb story.
- Researchers want one place that ties property, demographics, transport, and services together.
Price history
Full data detail
New Norfolk TAS
New Norfolk is a mid-sized suburb in Tasmania within the Derwent Valley local government area (postcode 7140). With a population of 6,037, the suburb has an established demographic with a median age of 40. Households earn a median income of $58K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. TAS employment has moved -0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. TAS also had 19 Commonwealth-backed major projects under construction, 0 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, community & personal service, labourers. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
The median house price in New Norfolk is $480,000, having increased 2.7% over the past year. Units have a median price of $448,000 (-0.8% YoY). The current median weekly rent is $475. This gives a gross rental yield of approximately 5.1%. The median monthly mortgage repayment is $1,127.
New Norfolk is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 908, which is below the national average of 1,000. Public transport access includes 1 rail station, 25 bus stops.
From an investment perspective, New Norfolk offers a gross rental yield of 5.1%, rated as high yield. Property prices sit below the state median ($480K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 8.3x is considered moderate. House prices have moved +2.7% year-on-year. Population growth of +0.7% year-on-year indicates stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
New Norfolk is a mid-sized suburb in Tasmania within the Derwent Valley local government area (postcode 7140). With a population of 6,037, the suburb has an established demographic with a median age of 40. Households earn a median income of $58K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. TAS employment has moved -0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. TAS also had 19 Commonwealth-backed major projects under construction, 0 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, community & personal service, labourers. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
The median house price in New Norfolk is $480,000, having increased 2.7% over the past year. Units have a median price of $448,000 (-0.8% YoY). The current median weekly rent is $475. This gives a gross rental yield of approximately 5.1%. The median monthly mortgage repayment is $1,127.
New Norfolk is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 908, which is below the national average of 1,000. Public transport access includes 1 rail station, 25 bus stops.
From an investment perspective, New Norfolk offers a gross rental yield of 5.1%, rated as high yield. Property prices sit below the state median ($480K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 8.3x is considered moderate. House prices have moved +2.7% year-on-year. Population growth of +0.7% year-on-year indicates stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
New Norfolk FAQ
Common questions-
What LGA is New Norfolk in?
New Norfolk is in the Derwent Valley Local Government Area, TAS, postcode 7140. Council-level context for Derwent Valley LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
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What is the median house price in New Norfolk?
The current median house price in New Norfolk, TAS is $480K, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
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What is the typical weekly rent in New Norfolk?
The median weekly rent in New Norfolk is $475/wk, based on the current market rent dataset. The current rent signal is income-stretched rent market.
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What does the rent signal say about New Norfolk?
Income-stretched rent market: Weekly rent screens at about 48% of annual income. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
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Is New Norfolk a good investment?
QuickProperty's investment signals for New Norfolk show: High Yield, Below Median, Moderate. These are computed from price, rent, income, and population data — not an opaque score.
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Where does QuickProperty get its data for New Norfolk?
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
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How often is the New Norfolk data updated?
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.