Lillico vs New Town
Property investment comparison - Lillico, TAS 7310 vs New Town, TAS 7008
Head-to-head across core investment metrics: Lillico wins 2, New Town wins 2. 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 | Lillico | New Town |
|---|---|---|
| Median house price | $865K | $890K |
| Median unit price | - | $480K |
| Gross rental yield (houses) | 2.96% | 3.94% |
| Gross rental yield (units) | - | 5.38% |
| 1-year house growth | +7.8%estimate | +0.0% |
| 3-year house growth | - | -6.4% |
| Vacancy rate | 4.2% | 0.4% |
| Population | 24 | 6,781 |
Lillico vs New Town: what the numbers say
The median house price is $865K in Lillico and $890K in New Town, so Lillico is the cheaper entry point, with New Town houses about 3% dearer.
On cash flow, New Town leads: houses there return a gross rental yield of 3.94%, compared with 2.96% in Lillico, a gap of 0.98 percentage points.
Over the past year house prices moved +7.8% in Lillico (an estimate) and +0.0% in New Town, so recent momentum favours Lillico, although both suburbs recorded growth.
Rental vacancy is 0.4% in New Town and 4.2% in Lillico, 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.
New Town is the bigger suburb, with a population of 6,781 against 24, roughly 283 times the size of Lillico; a larger suburb usually means a deeper pool of buyers and tenants.
In short: New Town for rental income, Lillico for a lower purchase price, Lillico for recent price momentum, 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
Compare any 2-4 Australian suburbs
Build your own multi-suburb comparison with the full interactive tool.
Open interactive comparison