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Newnham suburb profile

Newnham is a picturesque suburb located in the northern part of Launceston, Tasmania, known for its scenic views and educational institutions. It is home to the University of Tasmania's Newnham campus, making it a hub for students and academics. The suburb offers a peaceful residential environment with a mix of modern and traditional homes, appealing to families and professionals alike. Newnham's proximity to the Tamar River provides residents with beautiful natural landscapes and outdoor recreational opportunities. With convenient access to local amenities and public transport, Newnham is a desirable location for those seeking a balanced lifestyle in a serene setting.

Newnham property market performance

Current median dwelling price$561,875Past 3 months

Property growth+21.3%Past 12 months

Newnham's property market has experienced significant growth over the past 12 months. House values have surged by 16.7%, with the current median house price reaching $650,000. Although unit values have increased by 22.8%, the median unit price is not available, indicating limited data or sales in this category.

Sales activity has been moderate, with 36 houses and 6 units sold over the past 12 months. Houses are selling relatively quickly, with a median of 16 days on the market, while units take longer at 25 days, suggesting a stronger demand for houses.

The rental market in Newnham has also seen notable changes, with house rents increasing by 12.1% and unit rents by 18.2% over the last 12 months. The average rent for houses is $510, while units average $455, reflecting a robust rental demand in the area.

HousesUnits
Median price
Past 3 months
$650KN/A
Change in value
Past 12 months
17.2%25.3%
Sold
Past 3 months
347
Median days on market
Past 12 months
1624
Average rent
Past 12 months
$525$453
Change in rent
Past 12 months
14.1%16.8%

5 year median price trend for houses and units

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Newnham demographics

Newnham, a suburb located in the northern part of Launceston, Tasmania, offers a blend of suburban tranquility and accessibility to urban amenities. With a population of 7,073, Newnham is a community that balances family life with educational opportunities, being home to the University of Tasmania's Newnham campus. The median age of 34 suggests a youthful yet mature population, likely influenced by the presence of students and young families.

The suburb's housing landscape is diverse, with a significant portion of properties being rented, accounting for 37.5% of the housing market. This rental trend is indicative of the student population and those seeking flexible living arrangements. Meanwhile, 30.3% of properties are owned outright, and 32.2% are owned with a mortgage, reflecting a stable community with a mix of long-term residents and new homeowners.

Family dynamics in Newnham are varied, with couple families with children making up 38.7% of the population, closely followed by couple families without children at 39.3%. One-parent families constitute 19.6%, highlighting the suburb's inclusive nature. The median total household income of $1,223 per week suggests a modest yet comfortable living standard, appealing to both families and individuals seeking a balanced lifestyle. Newnham's proximity to educational institutions, combined with its community-oriented environment, makes it an attractive suburb for those looking to enjoy the benefits of suburban life while remaining connected to the broader Launceston area.

Suburbs near Newnham

Some popular suburbs near Newnham include:

  • Mayfield: Known for its affordable housing and community feel, Mayfield is located directly south of Newnham.
  • Mowbray: Featuring a bustling shopping district and educational institutions, Mowbray is situated to the southwest of Newnham.
  • Rocherlea: Offering a quiet residential atmosphere with a strong sense of community, Rocherlea lies to the northeast of Newnham.
  • Riverside: Known for its scenic views and family-friendly parks, Riverside is located across the river to the west of Newnham.
  • Invermay: Featuring a mix of industrial and residential areas with cultural attractions, Invermay is situated to the south of Newnham.

How does Newnham compare to nearby suburbs?

  • Median house prices: Newnham’s median house price is 12.5% higher than Mowbray’s.
  • House price growth: Over the past 12 months, house prices in Newnham have grown 1.5% higher than in Riverside.
  • Unit price growth: Over the past 12 months, unit prices in Newnham have grown 0.2% higher than in Mowbray.
  • Selling speed for houses: Properties in Newnham are selling 27.3% faster than in Mayfield.
  • Selling speed for units: Properties in Newnham are selling 14.3% faster than in Riverside.

Choose the right real estate agents in Newnham

There are 62 real estate agents in Newnham, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 33.9% of all sales in the past year.

Commission rates in Newnham typically range from 2.38% to 3.25%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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