184 New Town RoadNew Town TAS 7008
Property Details for 184 New Town Rd, New Town
Last Listing description (August 2026)
RWC Tasmania presents 184 New Town Road, New Town, a mixed-use investment offering four established income streams in one of Hobart's niche commercial pockets. The property comprises three ground floor retail tenancies and a first-floor residential unit with prominent frontage to one of Hobart's busiest arterial roads. Adding to the holding income is approximately 600sqm* of undeveloped land at the rear, zoned 'Urban Mixed' use and offering future commercial or residential development potential (STCA)^.
Key Property Highlights Include:
+ Three established retail tenancies providing diversified rental income
+ Total site area 1,106sqm*, gross building area 316sqm*
+ Net commercial income of $66,506.67* per annum
+ Residential unit returning approximately $27,300* gross per annum
+ High-profile New Town Road location with outstanding exposure
+ Proximity to Woolworths, Hobart City High School and New Town Plaza
+ Well-maintained mixed-use dual level building with strong tenant retention
+ Flexible investment suitable for passive investors and developers (STCA)^
184 New Town Road presents an outstanding opportunity to secure a blue-chip mixed-use investment with immediate income, long-term holding appeal and future value-add potential.
For further information or to arrange an inspection, please contact the undersigned agents.
Property History for 184 New Town Rd, New Town, TAS 7008
- 04 Aug 2026Listed for Sale EOI closing Thursday, 3rd September @ 4pm (AEST)
- 14 Feb 2017Listed for Rent $18,000 / year
- 05 Dec 2013Listed for Rent $370 / week
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0About New Town 7008
The size of New Town is approximately 4.0 square kilometres. There are 8 parks, covering nearly 9.3% of the total area. The population of New Town in 2016 was 6122 people. By 2021 the population was 6781 showing a population growth of 10.8% in the area during that time. The predominant age group in New Town is 20-29 years. Households in New Town are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in New Town work in a professional occupation.In 2021, 56.80% of the homes in New Town were owner-occupied compared with 57.40% in 2016.
New Town has 3,094 properties. Over the last 5 years, Houses in New Town have seen a 4.24% increase in median value, while Units have seen a 7.28% increase. As at 31 July 2026:
- The median value for Houses in New Town is $870,878 while the median value for Units is $526,685.
- Houses have a median rent of $670 while Units have a median rent of $505.
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