Property market overview for this Tasmanian suburb.
This market is every bond lodgement carrying this suburb name, exactly as the publisher records it. The boundary is the publisher’s naming, not a boundary APRIQ drew and not an ABS or postal polygon.
Population grew −0.5% over the year to 30 June 2025, against +1.5% for Australia over the same period.
Net overseas migration was the largest component of that change.
Dwelling approvals were +392.3% against the twelve months before. Approvals are permission to build, not completed dwellings.
Completions in the March quarter 2026 were equivalent to 82% of commencements, for Tasmania. These figures compare pipeline flows and do not track individual approved dwellings through construction.
Achieved rents moved +10.0% over the year, against +11.1% for the middle suburb in Tasmania.
These signals are shown separately so you can see what is driving the market. Explore them under Demand & supply below.
At $495 a week, New Town is higher than 25% of the 61 TAS suburbs we hold.
Rents there are up 10.0% over the past year, slower than Tasmania as a whole (up 11.8%).
Based on 63 new leases. Enough to be meaningful, but a single unusual quarter will move it.
Houses there rent for $600 and units for $450, so the figure above sits between two different markets.
In June quarter 2026, the median weekly rent rose 5.3% on the quarter before, from $470 to $495. Across the 37 quarterly changes held here, 26 were larger.
Six signals show how demand, supply and rents are moving. Open Data & method on any signal for the figures, rule and source behind it.
The Australian Bureau of Statistics does not publish population for suburbs. What is shown is the figure for New Town, the statistical area containing New Town — it describes that wider area, not this suburb.
Weak
How fast the population is growing, against the national rate.
| Population growth, New Town | −0.5% | the year to 30 June 2025 |
|---|---|---|
| Population growth, Australia | +1.5% | the year to 30 June 2025 |
Strong when growth is at least half a percentage point above the national rate, weak when at least half a point below, moderate in between. Population is one ABS instrument measured the same way everywhere, so a market compares to Australia.
Net overseas migration
Which component moved the population most over the latest year the ABS splits it.
| Natural increase, New Town | −43 | the year to 30 June 2025 |
|---|---|---|
| Net internal migration, New Town | −74 | the year to 30 June 2025 |
| Net overseas migration, New Town | +84 | the year to 30 June 2025 |
The largest of natural increase, net internal migration and net overseas migration by absolute size, so a large outflow is named rather than hidden inside a net total. This states which component was largest. It says nothing about why anyone moved.
Expanding
Whether dwelling approvals are running above or below the year before.
| Dwellings approved, New Town | 64 | June quarter 2026 |
|---|---|---|
| The twelve months before, New Town | 13 | a year earlier |
| Change on the year before, New Town | +392.3% | June quarter 2026 |
Expanding above +10%, contracting below −10%, stable in between, comparing twelve months of approvals against the twelve before them. An approval is permission to build, not a dwelling. Where a market is smaller than the areas the Australian Bureau of Statistics counts approvals for, this is a blend of those areas' own changes, weighted by how much of each the market covers — not a count of approvals here.
Moderate
How much housing is being finished, against how much is being started.
| Dwellings completed, Tasmania | 494 | March quarter 2026 |
|---|---|---|
| Dwellings started, Tasmania | 605 | March quarter 2026 |
| Completions as a share of commencements | 82% | March quarter 2026 |
Strong at or above 95% of commencements, weak below 80%, moderate in between — completions in the quarter compared with commencements in the same quarter, both stated beside this rule. These figures compare pipeline flows and do not track individual approved dwellings through construction.
Low
How fast achieved rents are rising, against the rest of the state.
| Rent change over a year, New Town | +10.0% | June quarter 2026 |
|---|---|---|
| Rent change over a year, the middle suburb in Tasmania | +11.1% | June quarter 2026 |
High when rents rose at least one percentage point faster than the state, low when at least a point slower, moderate in between. Compared against the state rather than the nation because each bond authority defines its own series: changes compare, levels do not.
Limited
How much of this market's picture was measured at this market's own geography.
| Demand evidence | measured for a larger area containing this market | how it was made |
|---|---|---|
| Components present | 5 of 5 | on this page |
Broad where the demand evidence was published for this geography and most components are present; partial where it was derived through an official ABS correspondence; limited where it describes a larger area containing this market, or where components are missing. This says nothing about how many observations sit behind any single figure — that is Sample strength, a separate reading.
A sale-price series APRIQ can publish is not currently available for this market. Current rent, demand and supply data remain available on this page.
Rising more slowly than the middle of Tasmania
How rents here moved over a year, against the typical suburb in Tasmania.
| Rent change over a year here | +10.0% | June quarter 2026 against a year earlier |
|---|---|---|
| The middle suburb in Tasmania | +11.1% | June quarter 2026 against a year earlier |
| Difference | −1.1 percentage points | June quarter 2026 against a year earlier |
| Markets in the comparison | 61 | June quarter 2026 against a year earlier |
The difference between this market’s one-year rent change and the middle change across every suburb the same publisher reports, in percentage points: 3 or more above is well above, 1 above is above, within 1 either way is in line. Changes are compared within one state because each bond authority defines its own series — movement may be compared between them, the rent itself may not.
Median of the individual bond lodgement records for the quarter, computed by APRIQ rather than by the publisher, which releases the tenancies themselves and no median of its own. Every point is computed from the records the publisher released for that quarter; nothing between them is filled in.
| Median weekly rent | $495 | our calculation · June quarter 2026 |
|---|
Quarter-by-quarter rent history for the full published series.
| Quarter | Median weekly rent | Change on the quarter before |
|---|---|---|
| June quarter 2026 | $495 | Up 5.3% |
| March quarter 2026 | $470 | Up 10.6% |
| December quarter 2025 | $425 | Up 1.2% |
| September quarter 2025 | $420 | Down 6.7% |
| June quarter 2025 | $450 | Down 5.3% |
| March quarter 2025 | $475 | Down 3.1% |
| December quarter 2024 | $490 | Up 5.4% |
| September quarter 2024 | $465 | Up 3.3% |
| June quarter 2024 | $450 | Up 5.9% |
| March quarter 2024 | $425 | Down 11.5% |
| December quarter 2023 | $480 | Up 6.7% |
| September quarter 2023 | $450 | Up 7.1% |
| June quarter 2023 | $420 | Down 6.7% |
| March quarter 2023 | $450 | Down 7.2% |
| December quarter 2022 | $485 | Up 15.5% |
| September quarter 2022 | $420 | Down 6.7% |
| June quarter 2022 | $450 | Up 7.1% |
| March quarter 2022 | $420 | Down 6.7% |
| December quarter 2021 | $450 | Up 18.4% |
| September quarter 2021 | $380 | Down 6.2% |
| June quarter 2021 | $405 | Up 3.8% |
| March quarter 2021 | $390 | Up 4.0% |
| December quarter 2020 | $375 | Down 7.4% |
| September quarter 2020 | $405 | Up 9.5% |
| June quarter 2020 | $370 | Down 17.8% |
| March quarter 2020 | $450 | Up 12.5% |
| December quarter 2019 | $400 | Up 5.3% |
| September quarter 2019 | $380 | Up 11.8% |
| June quarter 2019 | $340 | Down 5.6% |
| March quarter 2019 | $360 | Up 2.9% |
| December quarter 2018 | $350 | Down 10.3% |
| September quarter 2018 | $390 | Up 23.8% |
| June quarter 2018 | $315 | Up 5.0% |
| December quarter 2017 | $300 | Down 6.3% |
| September quarter 2017 | $320 | No change |
| June quarter 2017 | $320 | Up 12.3% |
| March quarter 2017 | $285 | Down 10.9% |
| December quarter 2016 | $320 | — |
The figure above blends every dwelling type the publisher reports. These are the same quarter, split the way Tasmania splits it.
| Dwelling type | Median weekly rent | Rent change — 1 year | New leases |
|---|---|---|---|
| Houses | $600 | Up 0.8% | 19 |
| Units and flats | $450 | Up 12.5% | 40 |
| All dwellings | $495 | Up 10.0% | 63 |
There is no yield here because no current sale price exists to divide by — see Prices & Sales above for why.
Only New South Wales publishes rent quartiles, so the spread of rents within this market is not shown.
The suburbs immediately above and below New Town when ranked by the same figure for the same period — nearby in the state ranking, not necessarily nearby on a map.
| Suburb | Median rent | Rent change — 1 year |
|---|---|---|
| Latrobe | $490 | Up 8.9% |
| Mowbray | $490 | Up 16.7% |
| Bridgewater | $495 | Up 15.1% |
| New Town | $495 | Up 10.0% |
| Deloraine | $500 | Up 25.0% |
| Devonport | $500 | Up 13.6% |
| Invermay | $500 | Up 13.6% |
Or put them in columns: Compare with similarly ranked markets.
Population data on suburb pages uses the ABS statistical area containing the suburb. The market card names that wider area; open Data & method for the geography and source.
Population is falling
How fast the population is changing in New Town, the wider area this market sits inside, against how fast Australia is changing.
The Australian Bureau of Statistics does not publish population for suburbs. What is shown is the rate for New Town, the statistical area containing New Town — it describes that wider area, not this suburb.
| Annual population growth, New Town | −0.5% | the year to 30 June 2025 |
|---|---|---|
| Australia, the same year | +1.5% | the year to 30 June 2025 |
| Difference | −2.0 percentage points | the year to 30 June 2025 |
| Growth a year over five years | −0.5% | the five years to 30 June 2025 |
The difference between this market’s annual population growth and Australia’s, in percentage points: 1.5 or more above is well above the national rate, 0.5 above is above it, within 0.5 either way is in line with it, and a fall is named as a fall. Both figures are ABS estimated resident population at 30 June, the same instrument measured the same way, so they may be compared directly.
The 2021 Census household tables carry no figures for this exact area, and no containing council page exists to borrow from — so there is nothing here rather than a number measured for somewhere else.
Approvals data on suburb pages uses the ABS statistical area containing the suburb. The market card names that wider area; open Data & method for the geography and source.
Approving above the national rate
How many dwellings New Town — the wider area this market sits inside — approved over twelve months for every thousand residents, against the national rate. Approvals are permission to build, not completed dwellings.
The Australian Bureau of Statistics does not publish dwelling approvals for suburbs. What is shown is the rate for New Town, the statistical area containing New Town — it describes that wider area, not this suburb.
| Approved dwellings per 1,000 residents, New Town | 9.9 | the twelve months to June 2026 |
|---|---|---|
| Australia, the same twelve months | 7.4 | the twelve months to June 2026 |
| Change on the twelve months before | +392.3% | the twelve months to June 2026 against the twelve months to June 2025 |
| People added per dwelling approved | -2.5 | the year to 30 June 2025 |
This market’s approved dwellings per thousand residents divided by Australia’s: twice the national rate or more is well above it, a quarter above is above it, within a fifth either way is in line, and below four fifths is below. Both are ABS building approvals over the same twelve months. An approval is permission to build — some of it lapses, and the rest completes months or years later — so this describes a pipeline and never housing that exists.
No APRIQ forward rent forecast is published for New Town yet. The forecasting model remains in historical backtesting.
The method’s public record so far, across every market at once and clearly a backtest, not a prediction: at 1 quarter ahead, 83.8% of 10,476 graded backtests landed inside their ranges, at a median width of ±7.9%.
See the full historical record on the forecast scorecard. Backtest results describe historical model performance, not a prediction for this market.
Check sample size, data period, geography, source and calculation rules for this market.
Moderate
How many observations sit behind the current figure on this page.
| New leases behind the current figure | 63 | June quarter 2026 |
|---|---|---|
| Quarters of history | 38 | to June quarter 2026 |
| How current | The latest quarter published anywhere | June quarter 2026 |
| Origin | Computed by APRIQ from the publisher’s own records | June quarter 2026 |
| Knowability | Dated by the publisher’s own release timing | June quarter 2026 |
Strong needs 200 or more new leases behind the current figure; moderate needs 50. Fewer than that reads as thin: one unusual property can move the figure. A withheld count cannot earn better than thin, because a suppressed number is unknown rather than small. How current the figure is, is a separate fact stated as dates beside this reading, never folded into this word.
Which period the current rent figure describes, how it sits against the newest quarter published anywhere, and whose clock dated it — as dates, because a graded word would hide exactly the part worth checking.
| Describes | June quarter 2026 |
|---|---|
| Standing | This is the latest quarter published anywhere. |
| Dated by | Dated by the publisher’s own release timing. |
Market data sources are named beside the figures above. APRIQ keeps the publication period, source, licence and calculation method available for inspection. See full sources & methodology →
