New Town, TAS 7008
City of GlenorchyAll suburbs in postcode 7008
Updated
Median house price
$882,500
Median unit price $457,500.
ABS statistical area (SA2) median · 2024
An SA2 can take in surrounding localities, so this can differ from sales in New Town itself.
Selling in New Town?
Get the free selling guide, personalised to New Town, or ask for a free appraisal from a local agent.
House prices in New Town
Across the ABS statistical area that takes in New Town, houses changed hands at $882,500 in 2024, above the Tasmania median. An SA2 can take in surrounding localities, so this can differ from sales in New Town itself. Units come in around $457,500, roughly 48% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $177,000. Prices sit above the Tasmania median, so plan for a stretched deposit and shop carefully on borrowing capacity.
- Weekly rent (house)
- $350/wk
- Weekly rent (unit)
- $298/wk
Rental data as of April 2026
Free appraisal in New Town
What’s your home worth in New Town?
Ask us to introduce one participating agent who sells in your area for an appraisal backed by recent comparable sales. Only with your permission, and no commitment to list.
What to know about New Town
New Town (7008) sits in the Glenorchy region of Tasmania. The median house here is $882,500, above the Tasmania median of around $650K.
Daily life is car-dependent: most residents drive to work, school and the shops.
What it’s like to live here
New Town scores 16/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 23°C (mild), winter mornings around 4°C (cool). Annual rainfall lands at about 582 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 10 government primary, 3 government secondary, 4 Catholic, 3 independent.
Schools in New Town
Location
Walkability
- Walk
- 16/100
- Transit
- 0/100
- Bike
- 75/100
Very car dependent. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
Investment overview
Gross rental yield on houses sits at 2.06% (median rent $350/wk against a $882,500 price tag). Units yield 3.39% gross, often the better cash-flow play for first-time investors.
- Gross yield, housesSource: ABS Data by Region (SA2-level, 2024) · Dec 2024
- 2.06%
- On the $882,500 median
- Gross yield, unitsSource: ABS Data by Region (SA2-level, 2024) · Dec 2024
- 3.39%
- On the $457,500 median
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Weather year-round
- Annual rainfall
- 582 mm
- Hottest month, avg max
- 23.0°C
- Coldest month, avg min
- 4.2°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about New Town
- What is the median house price in New Town?
- The median house price for the ABS statistical area (SA2) that takes in New Town, TAS 7008 is $882,500 (2024). An SA2 can take in surrounding localities, so this can differ from sales in New Town itself. The median unit price is $457,500.
- How much is my house worth in New Town?
- A useful starting point is the New Town median house price of $882,500 (units $457,500). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- What is the New Town postcode?
- New Town is in the 7008 postcode, in TAS, in the City of Glenorchy region.
- Where is New Town?
- New Town is a suburb in the City of Glenorchy area, TAS 7008.
- What is the average rent in New Town?
- The median weekly rent for houses is $350, for units it's $298.
- What schools are in New Town?
- There are 20 schools serving New Town on this page, including Sacred Heart College, New Town Primary School, Hobart City High School.
- How walkable is New Town?
- New Town has a Walk Score of 16 out of 100, highly car-dependent. transit score 0, bike score 75.
- What suburbs are near New Town?
- New Town is close to Cornelian Bay, Mount Stuart, North Hobart, Moonah, Lenah Valley.
Selling in New Town? Get the free selling guide
What selling costs, how agents price homes, what to ask them and a 12-week plan to settlement, personalised to New Town. A free PDF, in about a minute.
More on New Town and nearby
New Town
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Selling in TAS
Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.