Bells Parade vs New Town
Property investment comparison - Bells Parade, TAS 7307 vs New Town, TAS 7008
Head-to-head across core investment metrics: Bells Parade wins 0, New Town wins 5. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Bells Parade | New Town |
|---|---|---|
| Median house price | $895K | $890K |
| Median unit price | $590K | $480K |
| Gross rental yield (houses) | 3.91% | 3.94% |
| Gross rental yield (units) | 4.63% | 5.38% |
| 1-year house growth | - | +0.0% |
| 3-year house growth | - | -6.4% |
| Vacancy rate | 0.8% | 0.4% |
| Population | 11,849 | 6,781 |
Bells Parade vs New Town: what the numbers say
The median house price is $895K in Bells Parade and $890K in New Town, so New Town is the cheaper entry point, with Bells Parade houses about 1% dearer.
For units, Bells Parade sits at a median of $590K against $480K in New Town, which makes New Town the more affordable unit market and Bells Parade the pricier one.
Gross rental yield on houses is effectively level, at 3.91% in Bells Parade and 3.94% in New Town, so neither suburb has a cash flow edge on houses.
Rental vacancy is 0.4% in New Town and 0.8% in Bells Parade, so landlords in New Town face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Bells Parade is the bigger suburb, with a population of 11,849 against 6,781, larger than New Town; a larger suburb usually means a deeper pool of buyers and tenants.
In short: New Town for a lower purchase price, New Town for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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