Real estate agent · New Town
New Town
Considered selling, leasing, and property management across New Town's established streets.
New Town sits just north of the city, an established inner suburb of Federation homes, older brick apartments, and tree-lined streets. It has its own shops along the main road, several schools, and an easy run into town, which keeps it in steady demand across a wide range of buyers.
It suits families who want a garden close to the city, professionals after a short commute, and investors drawn to a mix of houses and units with dependable rental demand.
Homes here range from period cottages to solid family houses, so honest presentation and pricing grounded in recent local sales are what reach the right buyer.
New Town at a glance
The market spans period cottages and solid family houses through to older brick unit blocks, on streets like Tower Road, Clare Street, and Pirie Street.
Rental demand is dependable, drawing students, professionals, and families given the short run into town.
The New Town market, in numbers
- Median house price
- $881,000
- 12-month change
- +1.8%
- Median weekly rent
- $650
- Gross rental yield
- 3.8%
- Median unit price
- $422,500
- Unit 12-month change
- -18.5%
- Median unit rent
- $490
These figures are indicative only and do not constitute a valuation or appraisal of any individual property. They are drawn from recent sales and rental data compiled from third-party market sources and reflect general conditions in the area as at July 2026. Market conditions change and individual properties vary. For a figure specific to your property, get in touch.
Across greater Hobart, rental vacancy has held near 0.6 per cent (SQM Research, May 2026), one of the tightest rental markets of any Australian capital.
Selling in New Town
A campaign built like a film, positioned and priced on comparable evidence, and shown to buyers who want to live close to the city.
Leasing in New Town
The right tenant on terms that hold up, with steady demand from students, professionals, and families.
Managing in New Town
Careful tenant selection, proactive care, and honest reporting, with key dates diarised from day one. No rent collected, no management fee.
Thinking about your New Town property?
Start with a free appraisal. We come to you, and you keep the written result whether or not you go to market.
Prefer to talk? 1300 755 244 · info@parklaneproperty.co