Newstead, 7250 ranked 38th in TAS when comparing growth in median property values or capital gain over the last 12 months. Newstead is one of 606 in our list for TAS
Comparing Newstead,7250 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.05% offered to property buyers. Sellers in Newstead itself are offering an average vendor discount of -5.79% to real estate investors.
At number 925 in a list of fastest selling suburbs, Newstead is in the TOP 30% of suburbs in Australia with an average of days on market 53.23 for properties listed there.
Newstead is 96th on a list of best yielding suburbs for rents in TAS with a 4.64% return
With a capital gain of 43.24% for the last 12 months, Newstead, 7250 has performed for property investments than its average annual 4.86% property growth over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Newstead, 7250. Typically our figures indicate that -6.88% is being offered, which puts this TAS suburb at 292th most discounted overall in Australia.
In the last year 37 properties changed hands in Newstead, which puts it as the 14th most active market in TAS when comparing the number of sales per suburb.
With the median price for a house in Newstead being $265000 and the advertised rent reaching $225 the gross rental yield for property investors calculates out to be 4.42%