New Town is a suburb of the city of Hobart, Tasmania, Australia, about 4 kilometres (2 mi) north of the central business district of Hobart. One of the city's oldest suburbs, it is now an inner city residential suburb. Many of its streets are lined with Federation style cottages. It is surrounded by the suburbs of North Hobart, Mount Stuart, Lenah Valley and Moonah, with the Queen's Domain just to the south-east. The most recent median house price for New Town is $460,000 and the median unit price is $344,000.