Hobart · 7008

New Town, TAS

listings tightening 4.0% YoY, tight 1.4% vacancy.

NextSuburb scoreTier C
44Below trend
Median house
$925k
5y growth
5.9%/yr
Gross yield
1.9%
Vacancy
1.4%
Stable entry pointMedium confidence
Last updated May 2026Next refresh 3 June 2026Informational only — not financial advice

Eight-signal breakdown

Each signal scored 0–100 against the national distribution. Bars reflect how this suburb sits across the index.

  • Capital growth (5y)5.9%/yr
    59/100
  • Population growth+3.1% (5y)
    31/100
  • Supply tightening-4.0% YoY
    70/100
  • Rental yield1.9%
    38/100
  • Rental demand1.4% vacancy
    65/100
  • Income growth+16.0% (5y)
    64/100
  • Construction pipeline$0.0bn nearby
    0/100
  • Affordability38% under cap
    38/100

Why this score

New Town scores 44/100 (Below trend). The two strongest signals: 1.4% vacancy rate and 16.0% income growth. The standout watch-out: gross yield of 1.9% leaves modest cashflow.

Drivers
  • Supply tightening-4.0% YoY
  • Tight rentals1.4%
  • Income growth+16.0% (5y)
Risks
  • Thin gross yield (1.9%)

Nearest infrastructure

Royal Hobart Hospital — Stage 33.0 km away

Construction · $0.7bn · completion 2026

Construction-stage projects within 10 km lift the suburb’s infrastructure score; projects more than 25 km away barely move it.

Comparable suburbs

Three TAS suburbs in the same budget band with the closest NextSuburb scores.

See the full TAS ranking

60-month score history

Backfilled — live history begins May 2026
334454Jun 21Jun 22Jun 23Jun 24Jun 25May 26

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