5/9 Norman Ct, Newnham is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1991. The property has a land size of 189m2 and floor size of 76m2. While the property is not currently for sale or for rent, it was last sold in April 2023.
Constructed in 1991 this two bedroom unit is located in the hub of what is considered one of the better investment areas of the Launceston region. Only walking distance to most everyday conveniences or a short drive into the Launceston CBD. The interior of the property captures lots of natural sunlight & is extremely well maintained, largely due to it being owner occupied since 2017. An expected rental assessment would be up to $350 p/week approx. In recent years this particular style of property has been attractive to first home buyers as it is a great way to get your foot into the door of property ownership.
The size of Newnham is approximately 6.1 square kilometres. It has 8 parks covering nearly 2.7% of total area. The population of Newnham in 2011 was 5,930 people. By 2016 the population was 6,444 showing a population growth of 8.7% in the area during that time. The predominant age group in Newnham is 20-29 years. Households in Newnham are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newnham work in a labourer occupation. In 2011, 63% of the homes in Newnham were owner-occupied compared with 60.4% in 2016.
Newnham has 2,976 properties. Over the last 5 years, Houses in Newnham have seen a 66.91% increase in median value, while Units have seen a 51.09% increase. As at 31 October 2024:
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