Property investors who have had real estate in Newstead, 7250 should be ok with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.39%
Taking the average capital gain, or increase in median house value, Newstead,7250 has racked up an average of 4.39% over the period. This ranks it number 3205th in the whole country for real estate investors looking at median house price increases.
Newstead, 7250 is offering TAS ‘s 72th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this TAS.
Often selling an investment property can take time, and in Newstead the average time real estate has been on the market is 81.33 days.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 2.72%, investors should hope to achieve an overall return of 5.04%
Newstead, 7250 ranked 46th 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 better across the longer period
Property buyers and investors in Newstead 7250 should be seeing an average reduction in asking price of around -6.11% . This means that Newstead is holding prices well when compared to other suburbs in TAS.
In the last year 22 properties changed hands in Newstead, which puts it as the 27th most active market in TAS when comparing the number of sales per suburb.
Property investors should expect to get $217.5 weekly from the median priced house in this suburb.