Suburb Profile Report for Newstead TAS (7250)

Newstead House: Median price $324,500, Annual capital growth 3.11%, Number of sales 121, Weekly median advertised rent $328

Newstead Unit: Median price $197,500, Annual capital growth 3.45%, Number of sales 22, Weekly median advertised rent $220

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

Source: CoreLogic

  • House Report
  • Unit Report

Newstead is in the bottom 40% in TAS when comparing median price capital growth over the last year. Newstead gave property investors a disappointing capital gain figure when compared to the rest of the state, with -1.37%.

Comparing Newstead,7250 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

LACK OF BUYER INTEREST may well be the reason that Newstead is offering property investors an average of -7.01. This rate of discount on properties puts Suburb at number 64th in terms of most discounted suburbs in TAS

At number 2249 in a list of fastest selling suburbs, Newstead is just in the bottom half of suburbs in Australia with an average of days on market 89.48 for properties listed there.

With a capital gain of 12.86% for the last 12 months, Newstead, 7250 has performed for property investments than its average annual 3.45% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Newstead has given property investors a paper return of -5.95%. This puts Suburb as 43 on a list of fastest fasting appreciating suburbs in TAS

Property investors looking for a bargain in Newstead should be aiming for at least -5.30% 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.

HOUSE UNIT
$324,500 $197,500
2.65% -5.95%
-1.37% 12.86%
3.11% 3.45%
$328 $220
121 22
5.25% 5.79%
89.48 78.73

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 4968
Median household income ($/weekly) 967
Median age of persons 41
Median housing loan repayment ($/monthly) 1463
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 652 13.1
    25-34 years 551 11.1
    35-44 years 647 13.0
    45-54 years 657 13.2
    55-64 years 565 11.4
    Others 1896 38.2
    Age Group
    Census Count Percent(%)
    Registered Married 1704 48.3
    Not Married 1531 43.4
    Defacto Relationship 294 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4148 86.7
    Indonesia 33 0.7
    Papua New Guinea 40 0.8
    United Kingdom 254 5.3
    Other 93 1.9
    Others 214 4.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 46 1.0
    Christianity 3105 67.3
    Hinduism 23 0.5
    Other Religious Groups 20 0.4
    No Religion 1413 30.6
    Others 7 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 170 9.2
    $400-$599 272 14.7
    $600-$799 202 10.9
    $1,000-$1,249 176 9.5
    $1,500-$1,999 191 10.4
    Others 834 45.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1591 40.9
    Employed, worked full-time 1305 33.5
    Employed, worked part-time 754 19.4
    Unemployed, looking for work 126 3.2
    Employed, away from work 115 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 285 13.1
    Professionals 607 27.9
    Technicians & trades workers 256 11.8
    Clerical & administrative workers 267 12.3
    Sales 247 11.4
    Others 514 23.6
    Occupation
    Census Count Percent(%)
    Pre-school 43 3.6
    Infants/Primary 469 38.8
    Secondary 334 27.6
    Technical or Further Educational Institution 134 11.1
    University or other Tertiary Institutions 198 16.4
    Others 32 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3903 86.2
    Flat, unit or apartment 389 8.6
    Semi-detached, row or terrace house, townhouse 228 5.0
    House or flat attached to a shop, office 6 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 713 36.6
    Being purchased 620 31.8
    Rented 596 30.6
    Other tenure type 20 1.0
    Tenure Type
Census 2011, ABS
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