Suburb Profile Report for Newstead TAS (7250)

Newstead House: Median price $328,500, Annual capital growth 2.62%, Number of sales 114, Weekly median advertised rent $320

Newstead Unit: Median price $185,000, Annual capital growth 1.81%, Number of sales 27, Weekly median advertised rent $220

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Newstead, 7250 have given investors a capital gain of 1.08%. This compares averagely with the 3.72% for TAS as a whole.

Taking the average capital gain, or increase in median house value, Newstead,7250 has racked up an average of 1.08% over the period. This ranks it number 3190th in the whole country for real estate investors looking at median house price increases.

Newstead7250 is located in TAS which offers an average discount of -7.15% to property investors. Newstead itself is showing figures that indicate -7.26% is the average achievable by property buyers investing in the suburb.

Using the current median advertised rental of $320 and the average annual increase in value of a median property of 2.62%, investors should hope to achieve an overall return of 5.07%

Over the last year, property investments in Newstead, 7250 have given investors a capital gain of 0.00%. This compares averagely with the 0.89% for TAS as a whole.

Newstead,7250 has offered an average of 0.00% return per annum in house price rises to property investors over the last three years.

Newstead7250 is located in TAS which offers an average discount of -5.48% to property investors. Newstead itself is showing figures that indicate -6.18% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Newstead the average time real estate has been on the market is 88 days.

Advertised rents are around the $220 mark per week – giving a return of 6.18% based on the median price in Suburb

HOUSE UNIT
$328,500 $185,000
3.10% -6.33%
1.08% 0.00%
2.62% 1.81%
$320 $220
114 27
5.07% 6.18%
78.28 88

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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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