New Norfolk
Suburb profile, market snapshot and recent listings for New Norfolk, TAS 7140.
About New Norfolk
Welcome to New Norfolk
New Norfolk sits along the Derwent River about 35 kilometres north-west of Hobart, in the heart of the Derwent Valley. Long known as one of Tasmania's oldest towns, it has held onto a distinct identity built around its river setting, its colonial-era streetscape and the hop fields and orchards that once defined the valley's economy.
These days New Norfolk suits buyers and renters after space, character and a slower pace without giving up a manageable commute to Hobart. With a population of just over 6,000 and a median age of 40, it draws a mix of families, tree-changers and longer-term locals, alongside those priced out of the capital looking for more house for their money.
Lifestyle & dining
Life in New Norfolk revolves around the Derwent River and the town's compact, historic centre, where colonial architecture sits alongside cafes, pubs and a scattering of local eateries that cater to both residents and the steady trickle of day-trippers from Hobart. The riverside setting lends itself to a slower, outdoorsy pace, whether that's fishing, kayaking or simply a walk along the water.
The town's heritage character, some of the oldest buildings in Tasmania, gives it a genuine sense of place that's increasingly rare, and there's enough going on locally in the way of pubs, produce and community events that residents rarely need to leave the valley for a night out.
Getting around
New Norfolk is well connected to Hobart via the Lyell Highway and Boyer Road, with the drive into the city taking roughly 40 minutes depending on traffic. Regular bus services run between New Norfolk and Hobart's CBD, making it a workable option for commuters who don't mind a longer trip in exchange for lower housing costs and more space.
Within the town itself, most amenities, shops, schools and the town centre, are an easy walk or short drive apart, and neighbouring communities like Magra, Lawitta and Sorell Creek are only minutes away for those wanting a more rural setting while still using New Norfolk as their local service hub.
Schools & families
Families are well catered for locally, with New Norfolk Primary School, Fairview Primary School and St Brigid's Catholic School covering the early years, and New Norfolk High School providing secondary education in the town itself. The Indie School's Glenorchy New Norfolk Campus adds an alternative schooling option for the area.
With a median age of 40 and a population base that supports this full run of schools, New Norfolk has the infrastructure of a settled family town rather than a purely rural outpost, which is part of its appeal for households moving out from Hobart in search of a bigger block.
Parks & recreation
The Derwent River is the town's biggest recreational asset, supporting fishing, boating and riverside walking tracks, while the surrounding Derwent Valley offers easy access to bushland and rural drives towards Derwent Bridge and the wider highlands. Local sporting grounds and reserves around the town centre round out the options for organised sport and casual recreation alike.
The property market
New Norfolk's median house price currently sits at $513,000, having lifted 7.9% recently, a pace of growth that reflects the broader shift of buyers looking beyond Hobart for value. Median weekly rent is $530, putting the town within reach for renters being squeezed out of the capital's tighter market.
Current listings are dominated by houses, which make up 60% of stock, with land making up a notable 21%, a sign of ongoing subdivision and new-build activity in and around the town. Townhouses and apartments/units each account for 9% of listings, giving buyers a reasonable, if modest, spread of options across the housing spectrum. For those comparing New Norfolk with neighbouring pockets like Norfolk or Magra, the town centre generally offers the widest choice of established housing stock.
Market snapshot
New Norfolk property market
Median sale price
$513k
House · 3 bed
Median rent
$530
per week
Gross rental yield
5.4%
annual rent ÷ sale price
Typical price range
Entry
$383k
Median
$513k
Premium
$719k
Days on market
29
Auction clearance
0%
Sold this year
77
Median sold price trend · House 3 bed
Compound growth +2.9% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in New Norfolk by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for New Norfolk, TAS 7140.
Population
6,037
residents (2021)
Median age
40
years
Household income
$1,112
median, per week
Median rent
$290
per week
Median mortgage
$1,127
per month
Mortgage / income
23%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in New Norfolk
Government school catchment
Independent & Catholic schools
Indie School - Glenorchy (New Norfolk Campus)
Recent results
Recently sold in New Norfolk
$645k
48 Sharland Avenue
Sold ~July 2026
$680k
28 Gateway Drive
Sold ~July 2026
$685k
76 Derwent Terrace
Sold ~July 2026
$600k
1/35 Lower Road
Sold ~July 2026
$505k
5 George Street
Sold ~July 2026
$160k
62 Glenora Road
Sold ~July 2026
$210k
7 Cowburn Drive
Sold ~July 2026
$635k
4 Oast Street
Sold ~July 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in New Norfolk
Compare the area
Price map around New Norfolk
Every listing for sale near New Norfolk, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Nearby suburbs
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Common questions
New Norfolk suburb FAQ
What is the median property price in New Norfolk?
The median house price in New Norfolk, TAS is $513k for a 3-bedroom home. Over the past year, median sold prices have risen about 7.9%.
How much is rent in New Norfolk?
The median weekly rent in New Norfolk is around $530 per week.
Is New Norfolk a good place to live?
New Norfolk is a riverside town located on the River Derwent in southeastern Tasmania, Australia. New Norfolk is an established residential suburb in TAS, with a population of around 6,037 and 5 schools in the area.
What is the population of New Norfolk?
New Norfolk has a population of 6,037 (ABS 2021 Census), with a median age of 40.
What schools are in New Norfolk?
There are 5 schools in or near New Norfolk, including Fairview Primary School, New Norfolk Primary School and St Brigid's Catholic School.
How long do homes take to sell in New Norfolk?
Properties in New Norfolk take around 29 days to sell on average, with an auction clearance rate of about 0%.
How much do you need to buy in New Norfolk?
Entry-level properties in New Norfolk start around $383k, while premium homes reach $719k.
What suburbs are near New Norfolk?
Suburbs near New Norfolk include Norfolk, Derwent Bridge, Magra, Lawitta and Sorell Creek.
Fresh to market
New this week in New Norfolk
Lifestyle, space and opportunity
House & Land Package - Norfolk Park Estate
House & Land Package - Norfolk Park Estate
Timeless Charm, Endless Possibilities
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