TAS has seen average median house prices change by 5.57% which means that Newstead, 7250 has done well for property investors by showing a capital gain of 10.71% over the last year
Comparing Newstead,7250 ‘s 5year and quarterly average capital gain offered to property investors, it performed the same across the longer period
Property investors looking for a bargain in Newstead should be aiming for at least -7.20% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 158.80km from the CBD, Newstead is one of Launceston localities in the postcode 7250.
If you compare the increase in value of investment property in Newstead, 7250 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was -10.81%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Newstead has fallen somewhat when compared to the 5 year average annual rate.
Property investors looking for a bargain in Newstead should be aiming for at least -6.42% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $2640 per annum or $220 every week.