Newnham is Launceston's university suburb, home to the University of Tasmania's Launceston campus. It offers exceptional rental yields from student and academic demand, affordable entry prices, and improving vibrancy driven by ongoing campus investment and the city's growing innovation economy. At the current $480k median house price, an 80% loan at 6.25% over 30 years is about $2,364 per month.
| Median house price | $480,000 |
|---|---|
| Median unit price | $296,000 |
| Estimated monthly repayment | $2,364 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 5.9% |
| Gross rental yield | 5.9% |
| Typical days on market | 26 |
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