New Norfolk TAS Property Investment
West Coast · 7140 · Score: 65/100 · Buy
New Norfolk Short-Term Rental (Airbnb) Market
New Norfolk TAS Investment Brief
BUY — 4.6% gross yield on a $564,406 (single source — OnTheHouse only, no peer to validate) median.
THE MARKET
New Norfolk has compounded at 4.9%/yr over 5 years. Median sits in the $564,406 (single source — OnTheHouse only, no peer to validate) band today. Properties are sitting on market for 35 days (roughly balanced conditions).
- Median house: $564,406 (single source — OnTheHouse only, no peer to validate) | Units: $489,548
- Gross yield: 4.6% | Net yield: 3.1%
- 5yr price CAGR: 4.9%/yr | 3yr forecast: 13.5%/yr
- Population: 6,037 | Owner-occupier rate: 75% | Affluence: Low
- Supply pipeline: Low — Price growth outpacing new supply, limited development pipeline
RENTAL SNAPSHOT
- Vacancy: 1.8% (improving) | Rental demand: High
- Median weekly rent: $500/wk | Days on market: 35 (stable)
- Landlord market — rents likely to keep rising.
SHORT-TERM RENTAL
Insufficient STR data for this suburb. Run a specific address analysis for property-level STR projections.
INFRASTRUCTURE & CATALYSTS
- No major confirmed infrastructure projects on record.
- Transport: New Norfolk station 0.8km away
BULL CASE
If New Norfolk maintains 3%+ annual growth and vacancy stays below 1.3%, median prices could reach $649,067 within 3 years with yields compressing slightly as capital values rise.
BEAR CASE
A market correction or interest rate shock could see prices in New Norfolk pull back 10-15% from $564,406, with vacancy rising to 3.2% and rental yields softening as tenants gain leverage.
KEY RISKS
- No significant risk factors identified for this suburb
COMPARABLE MARKETS
- West Ulverstone (TAS): $607,146 median, 4.2% yield, 16.4% 1yr growth
- George Town (TAS): $465,431 median, 4.8% yield, 25.1% 1yr growth
- Glenorchy (TAS): $595,500 median, 5.1% yield, 9.3% 1yr growth
THE PLAY
New Norfolk presents a compelling investment opportunity. The combination of solid fundamentals and high rental demand supports entry at current price levels. Proceed with due diligence on specific properties. Target gross yields above 4.6% and prioritise properties with value-add potential. Consider timing entry around the current stable phase of the market cycle.
- Entry range: $507,965 – $620,847
- Minimum gross yield to target: 4.9%
- Watch signal: vacancy staying below 2% and days on market falling below 35
This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
Gentrification Index
Growth Forecast
high confidenceBasis: 5yr CAGR 4.9% + 10yr CAGR 4.7%
- +Above-average population growth (1.9%/yr)
- +Low rental vacancy (1.8%) — constrained supply
Suburb Metric Thresholds
Macro Environment
Macro Indicators
Cash Rate
4.35%
▲ 0.25%Cash rate as at 2026-05-06 · Credit data 2026-04
Suburb Supply & Demand
Suburb Supply Pipeline — New Dwelling Approvals
9
2020
5
2021
16
2022
8
2023
1
2025
New dwelling approvals — higher numbers mean more future supply
Socio-Economic Profile
Source: ABS Census 2021SEIFA Index · Postcode 7140
Decile 1 of 10 — High disadvantage
Population
12,069
Education (IEO)
1/10
Econ. Resources (IER)
2/10
10-Year Investment Projection
Modelled on New Norfolk TAS data — rent, capital growth, tax, and depreciation over 10 years.
Pre-filled: $500/wk median rent for New Norfolk. Capital growth and rent increase are editable assumptions.
Schools
In your catchment
These are the government-school zones containing this suburb centroid. Specific addresses within the suburb may fall in different catchments — confirm with the school directly.
Nearby Suburbs
Analyse a Property in New Norfolk
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Analyse a Property →Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.