Suburb Profile Report for Newstead TAS (7250)

Newstead House: Median price $319,500, Annual capital growth 3.20%, Number of sales 125, Weekly median advertised rent $325

Newstead Unit: Median price $185,000, Annual capital growth 2.05%, Number of sales 24, Weekly median advertised rent $220

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

Source: CoreLogic

  • House Report
  • Unit Report

Newstead, 7250 ranked 130th 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

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Newstead has fallen somewhat when compared to the 5 year average annual rate.

Newstead, 7250 is offering TAS ‘s 57th 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.

Residents and property investors in Newstead have been waiting around 92.79 days to sell a property.

Using the current median advertised rental of $325 and the average annual increase in value of a median property of 3.20%, investors should hope to achieve an overall return of 5.29%

TAS has seen average median house prices change by 3.91% which means that Newstead, 7250 has done well for property investors by showing a capital gain of 2.78% over the last year

Over the longer term, Newstead has seen property prices show investors a 7.25% return over the last 3 years. This is worse than over the last 12 months

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 -5.30% is being offered, which puts this TAS suburb at 647th most discounted overall in Australia.

Often selling an investment property can take time, and in Newstead the average time real estate has been on the market is 78.73 days.

Situated 153.35km from the CBD, Newstead is one of Launceston localities in the postcode 7250.

HOUSE UNIT
$319,500 $185,000
2.24% N/A
-2.89% 2.78%
3.20% 2.05%
$325 $220
125 24
5.29% 6.18%
92.79 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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