2. TAS
  3. Launceston

Newstead TAS 7250

Houses Units

Here you can find what you need to know about Newstead, TAS, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$730K Median Sale Price (National Average $485k) 49th In TAS
0.52% Median Sale Price Change (1yr) (National Average 4.30%) 65th In TAS
$523pw Median Rent (National Average $395) 36th In TAS
3.7% Median Gross Yield (National Average 4.24%) 89th In TAS
Properties sold 83
Average discounting -6.99%
Average Days on Market 58
Stock on Market 47 for sale

Investment Strategy Scores

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Newstead, TAS National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Newstead, TAS National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Newstead, TAS National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Newstead


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Newstead, TAS 7250

Part of: Launceston Council No data available

The size of Newstead is approximately 3.9 square kilometres. It has 8 parks covering nearly 15.1% of total area. The population of Newstead in 2011 was 4,968 people. By 2016 the population was 5,366 showing a population growth of 8.0% in the area during that time. The predominant age group in Newstead is 10-19 years. Households in Newstead are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Newstead work in a professional occupation. In 2011, 66.2% of the homes in Newstead were owner-occupied compared with 64.4% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Newstead

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Newstead   for Houses in last 12 months


There have been 83 Houses sold in Newstead in the past 12 months with a median sale price of $730K, up 0.5% annually. It takes on average 34 days to sell with vendor discounting of -7.0%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Newton SA, 5074 15.43% $808,000 $595pw 3.8% View Suburb Profile
Newstead QLD, 4006 4.12% $757,500 $780pw 5.3% View Suburb Profile
Norwood TAS, 7250 -1.26% $590,000 $510pw 4.5% View Suburb Profile
Strathfield South NSW, 2136 6.99% $1,926,000 $900pw 2.4% View Suburb Profile
East Launceston TAS, 7250 -1.64% $900,000 $515pw 3.0% View Suburb Profile
Newstead VIC, 3462 Unavailable $540,000 Unavailable Unavailable View Suburb Profile

Currency

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