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60 NEW TOWN ROAD NEW TOWN TAS 7008

HOUSE FOR SALE

$940,000

Estimated Valuation

60 NEW TOWN ROAD NEW TOWN TAS 7008 Property Photo
Bedrooms

3

Bathrooms

2

Car Space

3

Land Size

548 m²

Year Built

1948

Property Type

House

COMPARE LISTINGS
Added 12 hours ago
Listing Price

$925,000

Listed By
Futuristic Real Estate
Modernised mid-century brick living on a spacious 548m² block, this property offers exceptional versatility with three double bedrooms and a massive under-house area perfect for workshops or storage. Secure electric gates and tandem parking provide significant convenience, making it an ideal family home ready for immediate occupation.

Description

This substantial brick home at 60 Bay Road in New Town offers a blend of solid mid-century construction and modern updates. Originally built in 1948, the residence has been substantially modernised to provide approximately 158m² of living space on a generous 548m² allotment. The exterior features established gardens, brickwork, and solar panels visible on the roof. Inside, the property presents a bright, airy aesthetic with white walls and dark timber-look flooring throughout the main living areas.

The heart of the home is a spacious open-plan living area that seamlessly connects the kitchen, dining, and lounge spaces. The modern kitchen features white cabinetry, a large island bench with breakfast bar seating, and stainless steel appliances including a dishwasher. A separate lounge room offers additional versatility or potential as a fourth bedroom.

The accommodation includes three generous double bedrooms. The main bedroom acts as a retreat with an ensuite bathroom, direct access to the rear garden via sliding doors fitted with electric shutters for privacy, and built-in wardrobes. Bedrooms two and three are carpeted and share a well-appointed main bathroom which includes a bathtub, vanity, and toilet.

One of the property's standout features is the vast amount of usable space beneath the home. A large under-house room provides ample storage, workshop capabilities, or potential for further living conversion, complemented by additional under-house storage areas. The driveway offers tandem parking for approximately four to five vehicles, secured by electric gates midway down the drive, along with a carport.

The property benefits from two reverse-cycle heat pumps for efficient heating and cooling. The location is highly convenient, situated within walking distance of the Kmart Shopping Centre and public transport, with Hobart CBD approximately 10 minutes away. This home is ideal for families seeking privacy, security, and room to grow.

Property Style & Condition

Overall
contemporary
excellent
Condition
Exterior
traditional
good
Condition
Livingroom
contemporary
excellent
Condition
Bedrooms
contemporary
good
Condition
Kitchen
contemporary
excellent
Condition
Bathroom
contemporary
good
Condition
Yard
landscaped
good
Condition

Key Features

Solid brick construction originally built in 1948
Approximately 158m² of living space on a 548m² allotment
Three spacious double bedrooms with carpet and timber-look flooring
Modern open-plan kitchen with white cabinetry, island bench, and stainless steel appliances
Separate lounge room offering flexibility as a fourth bedroom
Main bedroom with ensuite bathroom and direct outdoor access via electric shutters
Large under-house room suitable for workshop, hobby area, or storage
Two reverse-cycle heat pumps for year-round comfort
Tandem parking for 4-5 vehicles secured by electric gates
Carport accommodation
Established front and rear gardens
Solar panels on the roof
Close proximity to Kmart Shopping Centre, schools, and public transport

Specifications

Property Details
Property Type House
Stories 1
Parking Type carport, driveway, security gate
Construction brick
Windows double pane
Gas natural gas
Internet nbn
Location & Setting
Setting suburban
Lot Position interior lot
Views city skyline
Nearby Amenities
Near bus stop
Near shopping mall
Near primary school
Near high school
Near hospital
Rental Information
long term rental only

Exterior

fenced yard
mature landscaping
garden
solar panels
driveway
security gate
carport
workshop
solar panels
heat pump

Indoor

open floor plan
kitchen island
stainless steel appliances
dishwasher
ensuite bathroom
sliding glass doors
carpet
heated floors
dishwasher
refrigerator
heat pump
split system
gated entry
single story
Listed on 30 Sep 2026

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    Property     NEW TOWN     LGA

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NEW TOWN Statistics

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Property Price History

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Market Activity (Sales Volume)

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Education Quality & Safety Index

School Quality (ICSEA) vs Safety Index.

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High Owner Occupier % and Family Household %.

Livability Scores

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Crime Breakdown vs State Average

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Age Distribution Profile

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Crime in suburb of New Town TAS

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Safety Rank

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Overall Crime

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5-Year Crime Trend (2020 - 2024)

Crime Composition (2024)

Violent vs Property vs Other

Top 10 Offense Types (2024)

Victimization Probability

Violent Crime Chance 1 in X
Property Crime Chance 1 in X
State Average (Violent) 1 in 84

Schools within the catchment New Town TAS

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The True Cost of Buying this Property

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  Investment Viability Engine · 2026 Tax Rules

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1 The Property

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2 Your Situation

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3 Costs & Assumptions

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Land tax (NSW)Annual holding cost on combined land value over the threshold.
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NSW 2026: nil up to $1,075,000 combined land value, then $100 + 1.6% of the excess, rising to $88,036 + 2% premium rate above $6,571,000. Computed land tax replaces the figure in section 3.
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Calculating…Verdict ?
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rent cash flow + capital gain − all costs & tax
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Comparing Common Investments ?
What this shows
Property value (grey bars, left axis) is the projected market value each year using your capital-growth assumption. The capital profit if sold line (coral, left axis) is the money you'd actually walk away with that year after repaying the loan, paying selling costs, paying CGT, and getting back the cash you put in. The rent collected line (teal, right axis) is gross annual rent received, grown at your rent-growth assumption.
What this shows
Three views of how the position evolves year by year. Property value (dashed) shows the asset growing at your capital-growth rate. Equity (coral) is value minus loan balance — how much of the property you actually own. Cumulative cash flow (teal) is the running total of all after-tax rent (positive) or top-ups (negative) you've put in since day one.
What this shows
The yearly cash position after every cost and tax effect. Green bars = positive years (the property paid you). Red bars = years you had to top it up from your pocket. This is the most honest picture of what holding the property feels like on a year-to-year basis.
What this shows
Where every dollar of the projected sale price goes. Net to you is what lands in your bank account; the rest is consumed by loan payout, selling costs and capital gains tax. The CGT slice depends on which regime applies (50% discount, indexation + 30% min tax, or a split of the two).

What this shows
How fragile your outcome is to the capital-growth assumption — the single biggest swing factor in any property forecast. Each point on the line re-runs the entire model at a different growth rate. Where the line crosses the dashed zero, that's roughly the growth rate needed just to break even over your hold period.

What this shows
The same upfront cash invested four different ways, held the same number of years. The property includes all rent, costs, tax and the final sale (after CGT and loan payout). The ASX 200 ETF compounds at its assumed total return; the gold line compounds at gold's long-run average; the inflation line is what you need to just preserve your purchasing power. Any year the property bleeds cash, that shortfall is invested in the comparison asset too (so they get the same total dollars over the life of the deal). Gains on the comparison assets are taxed under the same 2026-Budget CGT regime that applies to shares and ETFs — the transitional split (50% discount on the pre-1 Jul 2027 portion, then cost-base indexation + 30% minimum tax on the post-1 Jul 2027 portion), since non-property assets are never grandfathered.
What this shows
The full year-by-year ledger. Cash flow is pre-tax (rent minus all cash costs); tax effect is the value of any deduction or the tax bill on net profit; after-tax is the actual dollars in or out of your account that year. Cumulative is the running total.

About this model

Reflects the 2026 Federal Budget proposals (announced 12 May 2026): from 1 July 2027, negative gearing on established residential property bought after 7:30pm 12 May 2026 can only offset rental income / residential property gains (excess losses carry forward), and the 50% CGT discount is replaced by cost-base indexation plus a 30% minimum tax on the real gain accruing after 1 July 2027. The CGT change applies to all CGT assets (shares, ETFs, gold, crypto), not just property, so the comparison assets are taxed on the same basis. New builds retain full negative gearing and the choice of the 50% discount. Properties contracted on/before 12 May 2026 are grandfathered. The main residence, superannuation funds and widely-held trusts are exempt. These are proposed rules that may change in legislation. Resident tax rates 2025–26 are used (incl. 2% Medicare levy). This is general information, not financial, tax or legal advice — consult a licensed adviser before acting.
Purchase Cost Calculator

The True Cost of Buying this Property

Beyond the sale price, Australian property buyers face stamp duty, legal fees, inspections, loan charges and more. Adjust the purchase price and your state to see the full picture.

Purchase Price
$850,000
AUD
$100K $5M
Property State
Your Situation
Total Additional Costs
On top of the $850,000 purchase price in NSW
Extra Costs
$52,000
All-In Cost
$902,000
% of Price
6.1%
How these figures are calculated

Stamp Duty (Transfer Duty): Calculated using each state's 2024–25 residential transfer duty brackets for owner-occupiers. First home buyer concessions and investor surcharges are applied where selected.

Lenders Mortgage Insurance (LMI): Estimated at approximately 1.5–2.5% of the loan amount, assuming an 85% LVR. Actual LMI depends on your lender, LVR and loan size.

Conveyancing / Legal Fees: Typical range of $1,500–$3,000 covering contract review, searches and settlement. We use a mid-range estimate.

Building & Pest Inspection: Typically $400–$800 combined for a standard residential property.

Loan Application & Mortgage Registration: Includes bank application fees ($300–$600), mortgage registration (state-based, usually $150–$230) and transfer registration fees.

Council & Water Rate Adjustments: Estimated at around 0.1% of the purchase price — the buyer typically reimburses the seller for pre-paid rates.

These estimates are indicative only. Always confirm exact figures with your conveyancer, broker and the relevant state revenue office before committing to a purchase.

Mortgage Calculator

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Buyer Fees Calculator

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Disclaimer: This calculator provides estimates only based on standard published rates for 2025-26. Actual stamp duty may vary based on individual circumstances, concession eligibility, and contract dates. LMI is a rough estimate only — actual premiums vary by lender, LVR, and loan size. Always verify with your state’s revenue office and seek professional advice before purchasing.

Mortgage Affordability & Borrowing Capacity Calculator

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Calculating…
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Disclaimer: This calculator provides an estimate only and does not constitute a quote or loan approval. Calculations are based on standard APRA guidelines (including a 3.0% interest rate assessment buffer) and 2025–26 Australian resident tax rates. Lenders may apply their own specific Household Expenditure Measure (HEM) rules, risk margins, and varying credit card assessment rates (typically 3.8% of the limit). Rental income is shaded to 80%. Always speak to a licensed mortgage broker or lender for an exact assessment.

Refinance Savings Calculator

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Disclaimer: This calculator provides estimates only. It assumes interest rates remain constant for the life of the loan and does not account for offset accounts or extra repayments. Refinance costs vary by lender and state (typically including a discharge fee, application fee, and government mortgage registration fees). If your loan balance is above 80% of your property's value, you may also be required to pay Lenders Mortgage Insurance (LMI) when refinancing. Always seek professional financial advice.

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