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ABS 2021 Census · Updated 21 May 2026
New Town is an inner-city suburb of Hobart, Australia, with a population of approximately 6,781, making it a smaller community. Located 3 km from the Hobart CBD, New Town is a inner city area in Tasmania. The median household income is $82,992 per year.
New Town has a solid income profile that supports reliable occupancy rates. Its proximity to the CBD adds a strong location premium.
Official Australia Post postcode for New Town. 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 Town on My School →Estimated 3 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 Town's population of 6,781 sits 74% above the Tasmania suburb median of 3,902, giving it a wider tenant and buyer catchment than the average TAS locality. Households here earn $82,992/year on average — 12% above the TAS suburb median of $73,944 — a modest premium that supports resilient owner-occupier demand. Rent of $340/week (83% coverage of the $1,771/month median mortgage) leaves a gap of roughly $298/month that a typical investor bridges with negative gearing, depreciation and capital growth. At 3 km from the Hobart CBD, New Town sits inside the high-demand inner ring — properties here compete directly with the city's employment, transport and amenity networks. Only 62% of dwellings are separate houses (vs 80% state median), so this is a unit-heavy market where body-corporate decisions and strata supply meaningfully shape investor returns.
Inner-city investors should model strata costs and rate rises carefully, since gross yields here are often compressed by higher entry prices. Local rents consume roughly 21% of household income — a useful sanity check on tenant affordability.
How New Town stacks up against the median of all Tasmania suburbs in our dataset. Positive values mean New Town sits above the state median; negative means below.
| Metric | New Town | TAS median | Δ vs state |
|---|---|---|---|
| Population | 6,781 | 3,902 | +74% |
| Median household income | $82,992/yr | $73,944/yr | +12% |
| Median rent (weekly) | $340 | $320 | +6% |
| Median mortgage (monthly) | $1,771 | $1,378 | +29% |
| Distance to CBD | 3 km | 24 km | -87% |
| Separate houses | 62% | 80% | -18pp |
Pre-inspection briefing for New Town — every item is derived from public datasets, with full citations in our data sources page.
Solid buy-and-hold profile: a population of 6,781 and household income close to the TAS median ($82,992 vs $73,944) give the market enough depth for patient capital growth without the premium entry price of inner suburbs.
Moderate rental coverage: rent of $340/week covers 83% of a $1,771/month mortgage, leaving a $298/month gap that an investor bridges with equity, depreciation and tax benefits.
Only 62% of dwellings are separate houses (vs 80% TAS median) — this is a unit and townhouse market, where cosmetic flips struggle against body-corporate restrictions, thinner after-reno uplift and competing new supply.
Run the numbers on a New Town property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Property values in New Town should track the wider Tasmania market through 2026, with the $82,992/year median household income (12% above the $73,944 state median) keeping the suburb firmly mid-pack. Rental coverage runs at ~83% of the typical mortgage ($1,473/month rent vs $1,771/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 73/100 places New Town in the upper-middle tier of Australian suburbs we profile, and overall investor sentiment is constructive heading into the second half of 2026.
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New Town scores 73/100 on our EquitySight investment framework — a good rating. That score is driven by a population of 6,781, median household income of $82,992/year and median weekly rent of $340. 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 Town are proximity to Hobart (3 km), an above-state-median household income of $82,992/year, a dwelling mix that is 62% separate houses, roughly 2 schools and 3 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 Town has a usual resident population of approximately 6,781, 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 Town sits 3 km straight-line from the Hobart CBD. This is inner-ring territory — pricing competes directly with established Hobart employment nodes.
The most recent census recorded a median weekly rent of $340 in New Town, equating to approximately $17,680/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 Town is $1,771, or approximately $21,252/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 $340 works out to $1,473/month, covering 83% of the median mortgage repayment of $1,771/month. That leaves a $298/month shortfall (around $3,576/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. 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 $1,771 median mortgage, 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.