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Sales Activity
Curious about local property values? Filter the chart to assess the volume and appreciation (including resales) trends and regional comparisons, or scroll to the map below view this information at an individual property level.
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Sales Detail
Population
Population growth drivers in New Town are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends
New Town's population, as of November 2025, is approximately 6,670 people. This figure represents an increase of 64 individuals since the 2021 Census, which reported a population of 6,606. The growth is inferred from the estimated resident population of 6,519 in June 2024 and the addition of 84 validated new addresses post-census. This results in a population density of 1,746 persons per square kilometer, higher than the average across national locations assessed by AreaSearch. New Town's 1% growth since the census is close to the SA3 area's growth rate of 2.3%, indicating strong growth fundamentals. Overseas migration was the primary driver of population growth in recent periods.
AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data and to estimate post-2032 growth by age group, Tasmania State Government's Regional/LGA projections from 2022 (base year: 2021) are adopted with adjustments made using weighted aggregation methods. Future population trends suggest above-median growth for statistical areas nationwide, with New Town projected to increase by 1,288 persons to 2041, reflecting a total increase of 17.1% over the 17-year period.
Frequently Asked Questions - Population
Development
Residential development activity is lower than average in New Town according to AreaSearch's national comparison of local real estate markets
New Town averaged approximately 23 new dwelling approvals per year. Between FY-21 and FY-25119 homes were approved, with an additional 24 approved so far in FY-26. Over these five financial years, on average, only 0.1 person moved to the area for each dwelling built.
This indicates that new supply is meeting or exceeding demand, providing ample buyer choice and creating capacity for population growth beyond current forecasts. The average construction value of new homes was $352,000, which is moderately above regional levels, suggesting an emphasis on quality construction. In FY-26, $9.7 million in commercial development approvals have been recorded, indicating balanced commercial development activity. Compared to Greater Hobart, New Town shows moderately higher new home approvals, with 30.0% more per person over the past five years. This balances buyer choice while supporting current property values. However, this activity is below average nationally, reflecting the area's maturity and possible planning constraints.
Recent construction comprises 33.0% detached houses and 67.0% townhouses or apartments. This shift from the existing housing pattern of 69.0% houses suggests diminishing developable land availability and responds to evolving lifestyle preferences and housing affordability needs. With around 299 people per dwelling approval, New Town shows characteristics of a low-density area. Looking ahead, New Town is expected to grow by 1,137 residents through to 2041. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.
Frequently Asked Questions - Development
Infrastructure
New Town has limited levels of nearby infrastructure activity, ranking in the 5thth percentile nationally
Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified 11 projects that may impact this region. Notable ones include Queens Walk Housing Expansion, Hobart City High School redevelopment, New Town Sporting Precinct Upgrades, and New Town Rivulet Restoration. The following list details those likely to be most relevant.
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INFRASTRUCTURE SEARCH
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Frequently Asked Questions - Infrastructure
Macquarie Point Stadium
A 23,000-seat roofed multipurpose stadium at Macquarie Point, Hobart, designed by Cox Architecture. Home ground for Tasmania's AFL and AFLW teams from 2028. Features retractable roof, high-performance training facilities, 1,500-person function centre and full universal accessibility. Forms the centrepiece of the broader Macquarie Point Arts, Entertainment and Sports Precinct. Designated Project of State Significance with Tasmanian and Australian Government funding committed.
Greater Hobart Urban Growth Boundary Extension
Tasmanian Government initiative to extend the Greater Hobart urban growth boundary by 615 hectares across Brighton, Clarence, Glenorchy, Hobart, Kingborough and Sorell local government areas. Enables release of land for approximately 10,000 new homes over the next 15-20 years to address acute housing supply shortage. Approved by Parliament in November 2024 via the Land Use Planning and Approvals Amendment (Major Projects) Act 2024.
Northern Suburbs Transit Corridor (NSTC)
A major transit-oriented urban renewal project under the Hobart City Deal, transforming the approximately 4km corridor between Glenorchy CBD and New Town (extending to Hobart CBD). Focuses on medium-density housing, mixed-use developments, and a proposed rapid bus network (with prior assessment of light rail, bus rapid transit, and trackless tram options confirming rapid bus as the preferred mode). Aims to improve housing supply, affordability, public transport connectivity, and sustainable urban growth along the former railway and Main Road corridor.
Greater Glenorchy Plan
A 20-year plan to double housing density in Glenorchy, Moonah, and Claremont as part of the Hobart City Deal. Strategic precinct plan for Moonah CBD endorsed by Council in 2021, guiding development to 2040. Plan seeks to create welcoming places, improve pedestrian and cycling connections, support economic growth and increased density, and promote greener innovative design. Includes provisions for medium residential developments.
Hobart City Deal
A 10-year partnership (2019-2029) between the Australian and Tasmanian Governments and the Clarence, Glenorchy, Hobart and Kingborough councils to deliver coordinated investments across Greater Hobart, including major transport upgrades such as the New Bridgewater Bridge, activation of the Northern Suburbs Transit Corridor, airport border services, Antarctic and science precinct initiatives, housing and urban renewal, and smart city programs.
Salvation Army Hopkins Street Community Housing
21-unit community housing development specifically for women over 55 years old. Three-storey complex with one and two-bedroom apartments, accessible units, communal gardens, and Salvation Army community office. Designed by Xsquared Architects and jointly funded by Salvation Army, Housing Tasmania and The Select Foundation.
Queens Walk Housing Expansion
Expansion of iconic social housing complex adding 65 new apartments designed by Cumulus Studio for Housing Choices Tasmania. The $24 million project includes 38 one-bedroom and 27 two-bedroom apartments with heritage-sensitive design and sustainable features.
Moonah Arts Centre
State-of-the-art arts and cultural centre in Moonah featuring exhibition spaces, performance venues, community workshops and creative studios. The centre supports local artists and provides cultural programming for the northern suburbs. Community arts centre opened in 2015, hosting regular events, exhibitions, and community programs including the Moonah Bazaar multicultural market.
Employment
While New Town retains a healthy unemployment rate of 3.8%, recent employment declines have impacted its national performance ranking
New Town has a highly educated workforce with essential services sectors well represented. Its unemployment rate is 3.8%.
As of June 2025, 3,584 residents are employed, with an unemployment rate of 0.3% below Greater Hobart's rate of 4.1%, and workforce participation similar to Greater Hobart's 61.6%. Dominant employment sectors include health care & social assistance, education & training, and public administration & safety. The area specializes in accommodation & food services with an employment share 1.3 times the regional level. Conversely, construction shows lower representation at 5.1% versus the regional average of 8.7%.
The worker-to-resident ratio is 0.6, indicating local employment opportunities above average. Between June 2024 and May 2025, labour force decreased by 1.6%, employment declined by 1.4%, causing unemployment to fall by 0.2 percentage points. National employment forecasts from Jobs and Skills Australia (May 2025) project national growth of 6.6% over five years and 13.7% over ten years. Applying these projections to New Town's employment mix suggests local growth of approximately 6.8% over five years and 14.1% over ten years.
Frequently Asked Questions - Employment
Income
Income levels align closely with national averages, indicating typical economic conditions for Australian communities according to AreaSearch analysis
New Town had a median taxpayer income of $54,457 and an average income of $67,520 according to AreaSearch's postcode level ATO data for the financial year 2022. This was higher than the national averages of $51,272 (median) and $63,777 (average), as compared to Greater Hobart. By September 2025, estimated median income would be approximately $61,988 and average income $76,858, based on a 13.83% Wage Price Index growth since financial year 2022. The 2021 Census showed New Town's incomes ranked modestly, between the 43rd and 49th percentiles for household, family, and personal incomes. The largest income segment was 30.9%, with residents earning $1,500 - $2,999 weekly (2,061 individuals). Housing affordability pressures were severe, with only 84.5% of income remaining after housing costs, ranking at the 44th percentile. New Town's SEIFA income ranking placed it in the 6th decile.
Frequently Asked Questions - Income
Housing
New Town displays a diverse mix of dwelling types, with a higher proportion of rental properties than the broader region
New Town's dwelling structure, as per the latest Census evaluation, consisted of 68.9% houses and 31.1% other dwellings (semi-detached, apartments, 'other' dwellings). This is compared to Hobart metro's 68.9% houses and 30.9% other dwellings. Home ownership in New Town was at 31.6%, with mortgaged dwellings at 27.0% and rented ones at 41.4%. The median monthly mortgage repayment in the area was $1,772, below Hobart metro's average of $1,800. The median weekly rent figure was recorded at $340, compared to Hobart metro's $390. Nationally, New Town's mortgage repayments are lower than the Australian average of $1,863, while rents are less than the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
New Town features high concentrations of group households and lone person households, with a fairly typical median household size
Family households account for 60.5% of all households, consisting of 22.7% couples with children, 27.7% couples without children, and 9.1% single parent families. Non-family households make up the remaining 39.5%, with lone person households at 33.4% and group households comprising 6.0% of the total. The median household size is 2.3 people, which aligns with the Greater Hobart average.
Frequently Asked Questions - Households
Local Schools & Education
Educational attainment in New Town aligns closely with national averages, showing typical qualification patterns and performance metrics
New Town's educational attainment significantly exceeds broader benchmarks, with 46.9% of residents aged 15+ holding university qualifications compared to 25.5% in Tasmania (TAS) and 30.4% nationally in Australia. This substantial advantage positions the area strongly for knowledge-based opportunities. Bachelor degrees are most prevalent at 27.1%, followed by postgraduate qualifications at 15.6% and graduate diplomas at 4.2%. Vocational pathways account for 23.1% of qualifications among those aged 15+, with advanced diplomas at 8.6% and certificates at 14.5%.
Educational participation is notably high, with 30.6% of residents currently enrolled in formal education, including 8.4% in tertiary education, 7.9% in primary education, and 6.2% pursuing secondary education. New Town's five schools have a combined enrollment reaching 2,168 students while the area demonstrates typical Australian school conditions (ICSEA: 1013) with balanced educational opportunities. The educational mix includes one primary, two secondary, and one K-12 school, along with a specialist school addressing specific learning needs. School capacity exceeds typical residential needs, with 33.2 places per 100 residents compared to the regional average of 22.8, indicating that New Town serves as an educational center for the broader region. Note: where schools show 'n/a' for enrolments, please refer to the parent campus.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
New Town has 54 active public transport stops operating within its boundaries. These stops are served by a mix of buses across 88 individual routes. The total weekly passenger trips facilitated by these routes is 7,435.
Residents enjoy excellent transport accessibility, with an average distance of 131 meters to the nearest stop. On average, there are 1,062 trips per day across all routes, which translates to approximately 137 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Health performance in New Town is lower than average with common health conditions somewhat prevalent across the board, though to a considerably higher degree among older age cohorts
New Town faces significant health challenges with common health conditions somewhat prevalent across all age groups, but particularly among older cohorts. Approximately 53% (~3,561 people) of New Town residents have private health cover, compared to 58.9% in Greater Hobart.
Mental health issues and arthritis are the most common medical conditions, affecting 11.1% and 9.0% of residents respectively. However, 65.8% of residents claim to be completely free from medical ailments, compared to 69.8% across Greater Hobart. The area has 18.4% (1,225 people) of residents aged 65 and over, with health outcomes among seniors requiring more attention than the broader population.
Frequently Asked Questions - Health
Cultural Diversity
New Town was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics
New Town's cultural diversity is notable, with 29.1% of its population born overseas and 22.7% speaking a language other than English at home. Christianity is the predominant religion in New Town, comprising 34.8% of the population. Hinduism is overrepresented compared to Greater Hobart, making up 6.6% of New Town's population versus 3.5%.
The top three ancestry groups are English (27.6%), Australian (23.4%), and Other (11.7%). Some ethnic groups show notable differences: Polish at 0.9% in New Town compared to 1.0% regionally, Indian at 2.7% versus 1.7%, and Chinese at 4.1% versus 6.2%.
Frequently Asked Questions - Diversity
Age
New Town's population is slightly younger than the national pattern
New Town's median age is 38, closely aligning with Greater Hobart's figure of 39 and Australia's median age of 38. The 25-34 cohort is notably over-represented in New Town at 18.4%, compared to the Greater Hobart average. Meanwhile, the 5-14 year-olds are under-represented at 8.9%. Between 2021 and present, the 15-24 age group has increased from 11.2% to 11.9% of New Town's population. Conversely, the 25-34 cohort has decreased from 19.7% to 18.4%. By 2041, demographic modeling suggests significant changes in New Town's age profile. The 45-54 age group is projected to grow by 415 people (53%), expanding from 786 to 1,202 residents. Conversely, the 35-44 group is expected to contract by 169 residents.