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.