No matter where in TAS you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in NEW TOWN , 7008 is $476,500 this month which means that a mortgage for 80% of that value would be $381,200.
NEW TOWN, 7008 is number 1055th in a list of the country’s fastest growing suburbs, and number 11th in State. It has had an average population growth of 19.60 over the period between the last two national censuses.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,625 which is $481 more every month. As a percentage rise, this makes NEW TOWN, 7008 the number 3252th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The local median household income has increased by $230 which is a theoretical $25,012 available for a NEW TOWN mortgage broker to find a home loan.