Suburb Profile Report for Newstead TAS (7250)

Newstead House: Median price $352,500, Annual capital growth 3.15%, Number of sales 103, Weekly median advertised rent $320

Newstead Unit: Median price $165,000, Annual capital growth -0.21%, Number of sales 20, Weekly median advertised rent $220

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

Source: CoreLogic

  • House Report
  • Unit Report

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

Metrics i HOUSE UNIT
$352,500 $165,000
0.71% -8.33%
12.98% -16.46%
3.15% -0.21%
$320 $220
103 20
4.72% 6.93%
80.62 91.84

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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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