OA Logo Green
search icon

Get a property report and suburb profile for any property in New Norfolk

Join the 2.6 million Australians* who use our services every year.

Geo Page

New Norfolk suburb profile

New Norfolk is an historic river town in the Derwent Valley set on the banks of the River Derwent, known for its colonial sandstone buildings and willow-lined riverfront. The compact main street has cafes, antique and specialty shops, and essential services while parks and riverside paths give a strong outdoor focus. Surrounding hills are a patchwork of orchards and grazing country, and housing ranges from weatherboard cottages and Victorian terraces to more recent suburban and rural properties. The suburb attracts people who want a quieter country-town lifestyle with convenient road and public transport links to Hobart and nearby attractions.

New Norfolk property market performance

Property growth+18.9%Past 12 months

New Norfolk has relatively few unit sales, so there isn't enough recent data to publish a reliable median unit price. The median house price is $600,000 and house values have risen sharply, up 15.0% over the last 12 months.

Over the last 3 months 34 houses and 2 units sold. Houses sold in a median of 32 days over the last 12 months.

The rental market in New Norfolk had average house rents of $530 and unit rents of $440. House rents rose sharply, up 14.0% over the last 12 months, and unit rents rose sharply, up 14.3%, so rents moved at a similar pace.

HousesUnits
Median price
Past 3 months
$600KN/A
Change in value
Past 12 months
15.0%N/A
Sold
Past 3 months
342
Median days on market
Past 12 months
32N/A
Average rent
Past 12 months
$530$440
Change in rent
Past 12 months
14.0%14.3%

5 year median price trend for houses and units

Access homes before they're listed for sale

Build a buying brief and get first access to properties that aren't yet on the market.

OpenAdvantage

New Norfolk demographics

A community of 6,037 residents has a median age of 40. The typical household records a median income of $1,112 a week, roughly $57,800 a year.

Family life is dominated by couples: couples without children are the largest group at 40.0%, while couples with children make up 32.8%. Together, couples account for 72.8% of families. One-parent families represent 25.5% and other families 1.7%.

In New Norfolk, most homes are owner-occupied, with 31.7% owned outright and 36.4% owned with a mortgage, a combined 68.1%; about 31.9% of dwellings are rented.

Suburbs near New Norfolk

Some popular suburbs near New Norfolk include:

  • Lawitta: small rural locality in the Derwent Valley with river flats and farmland.
  • Magra: rural residential area with rolling hills, paddocks and scattered bushland.
  • Lachlan: quiet semi-rural suburb with leafy streets and bushland reserves.
  • Molesworth: larger semi-rural district featuring farmland, forested ridgelines and open paddocks.
  • Dromedary: hilly rural district centred on Mount Dromedary and native bushland.

How does New Norfolk compare to nearby suburbs?

    Choose the right real estate agents in New Norfolk

    Choosing the right real estate agent in New Norfolk can have a big impact on your sale. While there are 55 real estate agents working in the suburb, but just 5 of them were responsible for 56.6% of all property sales over the past year, showing a strong footprint and track record in the area.

    Commission rates typically range from 2.63% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

    Geo Page

    Get a head start and compare top local agents in New Norfolk

    Not quite ready to sell?

    icon

    Property report

    Suburb and property report

    Completed by independent professional experts not a computer.
    Get a free property reporticon right chevron
    icon

    OpenEstimates

    Digital estimate for your property

    Compare your property to three recent sales to get a digital estimate.
    Get a comparative estimateicon right chevron
    icon

    Navigate the market like a pro

    Navigate the market

    Get an understanding of the market signals you should keep an eye on.
    Understand your local marketicon right chevron