New Norfolk
A $540,000 median house price paired with a household income in the 18th percentile nationally tells the core story of New Norfolk: cheap by mainland standards, but stretched for the people who live here. The suburb sits in decile 1 on three of four SEIFA indexes (IRSAD, IRSD, IEO), the most disadvantaged tier, while 91.2% of dwellings are separate houses across a 14.81 km2 footprint. Median age is 40, exactly the national figure, and only 7.8% of residents were born overseas, which is 13.8 points below national. Prices jumped 12.5% in a single year, from $480,000 in 2025 to the current median, faster than the long-run 7.0% CAGR.
Population
6,037
Median Age
40.0
Household IncomeiMedian weekly household income (ABS Census)
$1,112/wk
DAs (12 months)iDevelopment Applications lodged in the past year
0
Median House
$540K
YTD 2026
At a $540,000 median, New Norfolk buys a detached house for less than half what most mainland capitals charge, and 91.2% of the stock is separate houses rather than apartments (2.8%) or semi-detached (4.8%). Three-bedroom homes dominate at 59.4%, with four-plus bedroom dwellings at 15.2%, so families have more choice than downsizers. The affordability is real but recent: prices rose 12.5% from $480,000 in 2025, above the 7.0% long-run CAGR, after being flat across 2024 to 2025. Monthly mortgage repayments average $1,127 and the mortgage-to-income ratio sits at 23.4%, below the 30% stress threshold, which keeps entry feasible despite incomes in the 18th percentile nationally.
For Buyers
At a $540,000 median, New Norfolk buys a detached house for less than half what most mainland capitals charge, and 91.2% of the stock is separate houses rather than apartments (2.8%) or semi-detached (4.8%). Three-bedroom homes dominate at 59.4%, with four-plus bedroom dwellings at 15.2%, so families have more choice than downsizers. The affordability is real but recent: prices rose 12.5% from $480,000 in 2025, above the 7.0% long-run CAGR, after being flat across 2024 to 2025. Monthly mortgage repayments average $1,127 and the mortgage-to-income ratio sits at 23.4%, below the 30% stress threshold, which keeps entry feasible despite incomes in the 18th percentile nationally.
For Investors
Weekly rent of $290 against the $540,000 median implies a gross yield near 2.8%, modest, while the 5.7% vacancy rate is loose enough to limit rapid rent increases. The renter pool is sizeable at 31.9% of households, close to the share carrying a mortgage (36.4%), so tenant demand exists but is not deep. The stronger signal is rent growth of 45.0% over the measured period, well above national wage growth, paired with net internal migration of 60 people a year drawing mainland and Hobart movers priced out elsewhere. With no development applications recorded in the past 12 months, new supply is thin, which supports existing landlords more than it invites new construction.
Schools in New Norfolk iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
St Brigid's Catholic School
Prep-6 · 187 students
New Norfolk Primary School
K-6 · 208 students
Fairview Primary School
K-6 · 235 students
New Norfolk High School
7-12 · 319 students
Demographics
New Norfolk's median age of 40 matches the national figure exactly, but the population is aging at the margin: the senior share rose 3.0 points while the young share fell 1.5 points over the decade. The profile is strongly Anglo and locally rooted. English ancestry leads at 2,860 residents, followed by Irish (534) and Scottish (445), and just 7.8% were born overseas, which is 13.8 points below national. University qualifications reach only 15.2%, fully 14.9 points below the national rate, consistent with a workforce built around trades and care work. Average household size is 2.4, close to national, and couples with children (1,519 families) outnumber couples without (1,316), reflecting a family-oriented rather than transient population.
Age Distribution
Bedrooms
Dwelling Structure
91.2%
Houses
4.8%
Townhouse
2.8%
Apartment
Tenure
Tenure is evenly split: 36.4% carry a mortgage, 31.7% own outright and 31.9% rent, a balance typical of an affordable regional town rather than a wealth-holding enclave. The stock is overwhelmingly detached at 91.2%, with apartments a negligible 2.8%, and three-bedroom homes account for 59.4% of dwellings. The median house price climbed from $485,000 in 2024 to $480,000 in 2025 and then to $540,000, a 12.5% one-year move that outpaced the 7.0% thirty-year CAGR. Against a $1,112 weekly household income, that median represents roughly 9.3 times annual income, high for the area. Yet both stress ratios stay manageable, mortgage-to-income at 23.4% and rent-to-income at 26.1%, because absolute repayments remain low.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$1,127
Rent / wk
$290
HH Size
2.4
Personal Income / wk
$580
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
5.7%
Unoccupied
142
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
26.1%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
23.4%
Community Profile
Ancestry
Household Composition
28.9%
Couples, no children
4,554
Total families
Economy & Employment
The local economy leans on care and trades rather than knowledge work. Healthcare is the dominant employer at 24.8% of workers (308 jobs), reflecting the large hospital and aged-care presence, followed by Construction at 12.9% (161) and Education at 8.9% (111). By occupation, Community and Personal Service workers (394) and Labourers (342) lead, which aligns with the decile 1 IEO score for education and occupation. The labour market is soft: unemployment runs at 8.9%, well above national, and participation is just 48.5%, dragged down by 2,027 residents not in the labour force. The economic resources index reads slightly better at decile 2 than the decile 1 advantage score, because affordable, owned housing lifts household resources relative to income.
Unemployment
7.8%
Labour Force
3,569
Unemployed
280
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
60.4%
Part-time
30.7%
Participation
48.5%
Employed
2,168
Occupations
Top Industries
University
15.2%
Postgraduate
3.7%
Born Overseas
7.8%
Dwellings
2,355
Transport to Work
Daily life here is car-dependent: 87.5% of commuters drive, far above national, while public transport carries just 2.7% and 3.2% walk or cycle, a function of the 14.81 km2 spread at only 407.7 residents per km2. The trade-off is space and affordability over convenience. The suburb sits in decile 1 on IRSAD, the most disadvantaged tier nationally, and 10.3% of residents (578 people) need daily assistance, above what the median age of 40 alone would suggest, pointing to the local care-sector concentration. Volunteering runs at 12.4% and 80.1% of residents stayed put over the period, a turnover rate of just 19.9%, signs of a settled population. Detailed crime data is not available for the suburb in this dataset.
Drive
87.5%
Public Transport
2.7%
Walk / Cycle
3.2%
Work from Home
N/A
Population Forecast
+1.1%/yr
(+85 people/yr)
EstablishedNew Norfolk is classified as established but growing modestly, with annual population growth of 1.1%, or about 85 people a year, and a 15.1% rise over the past decade. That 10-year change runs higher than the suburb's own early-2010s pace, accelerating from 3% to 16% as net internal migration of 60 residents a year, plus 12 from overseas, drew mainland and Hobart buyers seeking affordability. The gentrification stage reads early signs, scoring 29, below the threshold for active gentrification. Rent grew 45.0% over the period and real incomes rose 18.0%, both signs of upward pressure, though affordability held stable at 48.3% across 2011 to 2021, so the area has not yet repriced beyond local reach.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Balanced
Net Overseas / yr
+12
Net Internal / yr
+60
Gentrification Signal
Early signs
Population +20% since 2011, Net internal migration +60/yr, Accelerating: 3% → 16%
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How New Norfolk compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is New Norfolk a good suburb to live in?
New Norfolk suits buyers prioritising affordability and space, with a $540,000 median house price and 91.2% detached homes. The trade-offs are real: it sits in decile 1 on IRSAD, the most disadvantaged tier nationally, and household income is in the 18th percentile, so it favours value over prestige.
What is the median house price in New Norfolk?
The median house price is $540,000 as of 2026, up 12.5% from $480,000 in 2025, faster than the 7.0% long-run annual growth. Weekly rent averages $290 and monthly mortgage repayments run about $1,127, keeping the mortgage-to-income ratio at 23.4%, below the stress threshold.
What schools are in New Norfolk?
No schools are listed inside the New Norfolk boundary in this dataset, though the town is a regional service centre serving surrounding areas. Education employs 8.9% of the local workforce, but university qualifications reach only 15.2%, which is 14.9 points below the national rate.
Is New Norfolk safe?
Detailed crime statistics are not available for New Norfolk in this dataset. As context, the suburb has a settled population with a low 19.9% turnover rate, and 80.1% of residents stayed put over the period, though it does sit in decile 1 for relative disadvantage.
Is New Norfolk good for property investment?
Rent of $290 a week against a $540,000 median gives a gross yield near 2.8%, modest, and the vacancy rate is 5.7%. The upside is 45.0% rent growth over the period and net internal migration of 60 people a year, so the case rests more on affordability-driven demand than on high yield.
How is New Norfolk's population changing?
Population is growing 1.1% annually, about 85 people a year, and is up 15.1% over the past decade. Growth is migration-led, with net internal migration of 60 and overseas migration of 12 per year. The senior share rose 3.0 points while the young share fell 1.5 points.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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