Chain Of Lagoons vs Newnham
Property investment comparison - Chain Of Lagoons, TAS 7215 vs Newnham, TAS 7248
Head-to-head across core investment metrics: Chain Of Lagoons wins 2, Newnham wins 1. 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 | Chain Of Lagoons | Newnham |
|---|---|---|
| Median house price | $600K | $615K |
| Median unit price | - | $460K |
| Gross rental yield (houses) | 4.51% | 4.50% |
| Gross rental yield (units) | - | 5.00% |
| 1-year house growth | - | +16.1% |
| 3-year house growth | - | +20.6% |
| Vacancy rate | 2.3% | 1.9% |
| Population | 29 | 7,073 |
Chain Of Lagoons vs Newnham: what the numbers say
The median house price is $600K in Chain Of Lagoons and $615K in Newnham, so Chain Of Lagoons is the cheaper entry point, with Newnham houses about 3% dearer.
Gross rental yield on houses is effectively level, at 4.51% in Chain Of Lagoons and 4.50% in Newnham, so neither suburb has a cash flow edge on houses.
Rental vacancy is 1.9% in Newnham and 2.3% in Chain Of Lagoons, so landlords in Newnham face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Newnham is the bigger suburb, with a population of 7,073 against 29, roughly 244 times the size of Chain Of Lagoons; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Chain Of Lagoons for a lower purchase price, Newnham for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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Chain Of Lagoons, TAS 7215
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