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ABS 2021 Census · Updated 21 May 2026
New Norfolk is a regional centre in Tasmania, Australia, with a population of approximately 6,037, making it a smaller community. Located approximately 24 km from the Hobart CBD, New Norfolk is a regional area in Tasmania. The median household income is $57,824 per year.
Household earnings in New Norfolk are below the state average, which may affect long-term capital growth. Distance from major centres is a consideration, though regional markets can offer higher rental yields.
Official Australia Post postcode for New Norfolk. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 2 schools within or near this suburb.
Find schools near New Norfolk on My School →Estimated 2 parks and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
New Norfolk's population of 6,037 sits 55% above the Tasmania suburb median of 3,902, giving it a wider tenant and buyer catchment than the average TAS locality. New Norfolk's median household income of $57,824/year is 22% below the Tasmania suburb median ($73,944) — this is an affordability play where returns lean on yield and patient capital growth rather than demographic premium. Median weekly rent of $290 equates to $1,257/month — about 112% of the median mortgage repayment of $1,127/month — meaning rental income covers most of a typical owner's repayment and this is a genuine cash-flow suburb before tax benefits. 24 km from Hobart places New Norfolk in the middle commuter belt, close enough for daily trips by car or rail but at a materially lower price point than inner suburbs.
This suburb suits yield-focused investors who are comfortable with lower liquidity. Employment concentration and local population trends matter more here than in metro markets. Local rents consume roughly 26% of household income — a useful sanity check on tenant affordability.
How New Norfolk stacks up against the median of all Tasmania suburbs in our dataset. Positive values mean New Norfolk sits above the state median; negative means below.
| Metric | New Norfolk | TAS median | Δ vs state |
|---|---|---|---|
| Population | 6,037 | 3,902 | +55% |
| Median household income | $57,824/yr | $73,944/yr | -22% |
| Median rent (weekly) | $290 | $320 | -9% |
| Median mortgage (monthly) | $1,127 | $1,378 | -18% |
| Distance to CBD | 24 km | 24 km | 0% |
| Separate houses | 86% | 80% | +6pp |
Pre-inspection briefing for New Norfolk — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: household incomes 22% below the TAS median ($57,824 vs $73,944) means liquidity is thin and capital growth tends to lag the wider Tasmania market over full cycles.
Strong rental coverage: $290/week (~$1,257/month) covers 112% of the $1,127/month median mortgage repayment, so the shortfall sits at just $0/month. Investors targeting positive cash flow should shortlist this suburb.
With 86% houses in a 6,037-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Run the numbers on a New Norfolk property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for New Norfolk are modest for 2026 — incomes 22% below the TAS median of $73,944 suggest gains will lag headline metro markets. Rental coverage runs at ~112% of the typical mortgage ($1,257/month rent vs $1,127/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 43/100 places New Norfolk in the mid tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.
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New Norfolk scores 43/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 6,037, median household income of $57,824/year and median weekly rent of $290. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in New Norfolk are proximity to Hobart (24 km), a median household income of $57,824/year, a dwelling mix that is 86% separate houses, roughly 2 schools and 2 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
New Norfolk has a usual resident population of approximately 6,037, compared with a Tasmania suburb median of 3,902 — placing it in the upper half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
New Norfolk sits 24 km straight-line from the Hobart CBD. This is comfortable commuter territory, with reasonable rail and road access to the city.
The most recent census recorded a median weekly rent of $290 in New Norfolk, equating to approximately $15,080/year in gross rental income (state median $320/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in New Norfolk is $1,127, or approximately $13,524/year (vs $1,378/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $290 works out to $1,257/month, covering 112% of the median mortgage repayment of $1,127/month. That means rent exceeds the median repayment by roughly $130/month, so on these numbers New Norfolk leans cash-flow-positive before accounting for strata, council rates, insurance and maintenance. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are interest-rate sensitivity on the $1,127 median mortgage, below-median household incomes ($57,824 vs $73,944 state median), the broader Tasmania market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.