New Town TAS 7008
New Town is in Hobart LGA, TAS, postcode 7008, with population 6,781.
Strong evidence
New Town 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 47% of annual income. Income and rent use area-level data, so household-level affordability can differ.
Open matching rent ranking →121 latest-year approvals in Hobart, +0.0% YoY; population -0.2% YoY (-0.1% 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 47% of annual income. Snapshot rent $540/wk.
Income and rent use area-level data, so household-level affordability can differ.
New Town 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 Town currently reads as a livability-led candidate.
School coverage gives the page a stronger family/livability signal. Transport coverage adds a practical access signal. Gross yield looks low for an income-first use case.
Compare it against a contrasting suburb before turning it into a decision.
School coverage gives the page a stronger family/livability signal. Transport coverage adds a practical access signal.
Gross yield looks low for an income-first use case.
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 Town TAS
New Town is a mid-sized suburb in Tasmania within the Hobart local government area (postcode 7008). With a population of 6,781, the suburb has an established demographic with a median age of 38. Households earn a median income of $83K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.2% 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 professionals, community & personal service, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
The median house price in New Town is $883,000, having declined 6.9% over the past year. Units have a median price of $458,000 (-4.7% YoY). The current median weekly rent is $540. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,771.
New Town is served by 3 schools, including 1 primary, 1 secondary, 1 combined. The average ICSEA score is 1020, which is around the national average of 1,000. Public transport access includes 60 bus stops.
From an investment perspective, New Town offers a gross rental yield of 3.2%, rated as moderate yield. Property prices are near the state median ($883K/$750K). The price-to-income ratio of 10.6x is considered stretched. House prices have moved -6.9% year-on-year. Population growth of -0.2% year-on-year indicates declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
New Town is a mid-sized suburb in Tasmania within the Hobart local government area (postcode 7008). With a population of 6,781, the suburb has an established demographic with a median age of 38. Households earn a median income of $83K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.2% 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 professionals, community & personal service, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
The median house price in New Town is $883,000, having declined 6.9% over the past year. Units have a median price of $458,000 (-4.7% YoY). The current median weekly rent is $540. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,771.
New Town is served by 3 schools, including 1 primary, 1 secondary, 1 combined. The average ICSEA score is 1020, which is around the national average of 1,000. Public transport access includes 60 bus stops.
From an investment perspective, New Town offers a gross rental yield of 3.2%, rated as moderate yield. Property prices are near the state median ($883K/$750K). The price-to-income ratio of 10.6x is considered stretched. House prices have moved -6.9% year-on-year. Population growth of -0.2% year-on-year indicates declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
New Town FAQ
Common questions-
What LGA is New Town in?
New Town is in the Hobart Local Government Area, TAS, postcode 7008. Council-level context for Hobart 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 Town?
The current median house price in New Town, TAS is $883K, 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 Town?
The median weekly rent in New Town is $540/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 Town?
Income-stretched rent market: Weekly rent screens at about 47% 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 Town a good investment?
QuickProperty's investment signals for New Town show: Moderate Yield, Near Median, Stretched. 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 Town?
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 Town 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.