Newstead, 7250 ranked 29th 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
Taking the average capital gain, or increase in median house value, Newstead,7250 has racked up an average of 17.36% over the period. This ranks it number 2289th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Newstead 7250 should be seeing an average reduction in asking price of around -6.51% . This means that Newstead is holding prices well when compared to other suburbs in TAS.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.50%, without taking into account capital value appreciation, which has been averaging out at 3.79%.
Property investors who have had real estate in Newstead, 7250 should be unhappy with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -17.98%
Across a shorter period, Newstead, 7250 has seen a median price increase of 2.99% over the last quarter.
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 -7.06% is being offered, which puts this TAS suburb at 277th most discounted overall in Australia.
Property investors should expect to get $212.5 weekly from the median priced house in this suburb.