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.