With a capital gain of 12.98% for the last 12 months, Newstead, 7250 has performed for property investments than its average annual 3.15% property growth over the last 5 years.
Across a shorter period, Newstead, 7250 has seen a median price increase of 0.71% over the last quarter.
Newstead, 7250 is offering TAS ‘s 51th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this TAS.
Advertised rents are around the $320 mark per week – giving a return of 4.72% based on the median price in Suburb
Newstead is in the bottom 10% in TAS when comparing median price capital growth over the last year. Newstead gave property investors a dismal capital gain figure when compared to the rest of the state, with -16.46%.
The five-year average increase in median property values for Newstead,7250 has given property investors a potential capital gain of -34.00% across each of those five years.
Property buyers and investors in Newstead 7250 should be seeing an average reduction in asking price of around -6.42% . This means that Newstead is holding prices well when compared to other suburbs in TAS.
In the last year 20 properties changed hands in Newstead, which puts it as the 29th most active market in TAS when comparing the number of sales per suburb.
Newstead is 4th on a list of best yielding suburbs for rents in TAS with a 6.93% return