58 Olive Pde, New Town is a 5 bedroom, 2 bathroom House with 10 parking spaces and was built in 1999. The property has a land size of 884m2 and floor size of 311m2. While the property is not currently for sale or for rent, it was last sold in August 2020.
Nestled amongst the secluded gardens of this double allotment is this truly amazing substantial 4 bedroom brick veneer home. The master bedroom has a walk-in robe and large ensuite, whilst bedrooms 2, 3 and 4 all have built-in robes and have been strategically placed away from the parents . There is a separate office that is large enough to turn into a 5th bedroom. The lounge room, formal dine, open kitchen with pantry - meals area and family room make for a massive area that opens to the spacious outdoor area. There is a three way bathroom, separate w/c, laundry, storage cupboard and double garage umr. This home has ducted refrigerated a/c, dishwasher, quality fixtures and fittings, slow combustion heater in the living area, tiles in the family, living and meals area and is freshly painted. Outside has large outdoor entertaining area with paving, overlooking the in-ground pool, 25’ x 50’ shed with concrete floor and power, 2 x 22,500 litre rain water tanks plumbed to the house, side shaded area with fish pond. The back yard is lawned, fenced and tastefully landscaped with front and back lawns and gardens automatically watered. This home has approximately 5Kw of solar, two titles and shed access to George Street. An inspection is recommended.
The size of New Town is approximately 2.0 square kilometres. It has 13 parks covering nearly 9.8% of total area. The population of New Town in 2016 was 1234 people. By 2021 the population was 1291 showing a population growth of 4.6% in the area during that time. The predominant age group in New Town is 10-19 years. Households in New Town are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in New Town work in a trades occupation.In 2021, 74.40% of the homes in New Town were owner-occupied compared with 73.20% in 2016.
New Town has 645 properties. Over the last 5 years, Houses in New Town have seen a 101.88% increase in median value, while Units have seen a -63.56% decrease. As at 31 January 2026:
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