Suburb Profile Report for Newstead QLD (4006)

Newstead Unit: Median price $596,400, Annual capital growth 5.79%, Number of sales 227, Weekly median advertised rent $490

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Newstead, 4006 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -1.26%.

A 12.00% growth in median value for property investors in Newstead,4006 puts this suburb at number 163th in terms of best performing suburbs in QLD

Property investors looking for a bargain in Newstead should be aiming for at least -7.33% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $490 mark per week – giving a return of 4.27% based on the median price in Suburb

YIP MAG Information supplied by:

YIP MAG
June 2016

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Brisbane’s issues related to possible apartment oversupply have been well publicised recently, and it appears Newstead may suffering from just that.Full summary Brisbane’s issues related to possible apartment oversupply have been well publicised recently, and it appears Newstead may suffering from just that.

On the banks of the Brisbane River in the city’s northeast, Newstead has an extremely elevated vacancy rate, according to Real Estate Investar (REI).

REI reports that Newstead’s vacancy rate currently sits at 12.71%, having increased from 5.23% in the past 12 months.

For those landlords who are able to find a tenant, the median weekly rent of $523 is delivering a rental yield of 4%.

In terms of capital growth, the median unit price is $650,000 and has increased 12% in the last year; however, it has fallen 13% over the past five years.

New buyers don’t seem to be flocking to Newstead either, with units in the suburb spending an average of 89 days on the market.Close
Metrics i HOUSE UNIT
N/A $596,400
N/A 0.24%
N/A -1.26%
N/A 5.79%
N/A $490
N/A 227
N/A 4.27%
N/A 118.46

Source: CoreLogic

DSR Score for property investment : Below average (U), Balanced (H)
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Demographics
Total population 836
Median household income ($/weekly) 2480
Median age of persons 36
Median housing loan repayment ($/monthly) 2766
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 85 10.2
    25-34 years 255 30.5
    35-44 years 100 11.9
    55-64 years 122 14.6
    65-74 years 86 10.3
    Others 189 22.6
    Age Group
    Census Count Percent(%)
    Not Married 308 44.8
    Registered Married 269 39.1
    Defacto Relationship 111 16.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 569 72.7
    Papua New Guinea 32 4.1
    United Kingdom 48 6.1
    United States of America 18 2.3
    Other 47 6.0
    Others 69 8.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 14 1.8
    Christianity 483 63.4
    Islam 17 2.2
    Judaism 11 1.4
    No Religion 231 30.3
    Others 6 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 47 13.3
    $2,000-$2,499 40 11.3
    $2,500-$2,999 86 24.3
    $3,000-$3,499 33 9.3
    $4,000 or more 40 11.3
    Others 108 30.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 438 58.2
    Not in the labour force 163 21.6
    Employed, worked part-time 108 14.3
    Employed, away from work 26 3.5
    Unemployed, looking for work 18 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 138 24.0
    Professionals 207 35.9
    Technicians & trades workers 34 5.9
    Clerical & administrative workers 91 15.8
    Sales 50 8.7
    Others 56 9.7
    Occupation
    Census Count Percent(%)
    Pre-school 7 6.7
    Infants/Primary 14 13.3
    Technical or Further Educational Institution 15 14.3
    University or other Tertiary Institutions 53 50.5
    Other type of educational institution 10 9.5
    Others 6 5.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 724 96.9
    Semi-detached, row or terrace house, townhouse 17 2.3
    Separate house 6 0.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 205 52.3
    Fully owned 105 26.8
    Being purchased 82 20.9
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals