Suburb Profile Report for Newstead TAS (7250)

Newstead House: Median price $450,000, Annual capital growth 5.38%, Number of sales 108, Weekly median advertised rent $380

Newstead Unit: Median price $317,500, Annual capital growth 8.64%, Number of sales 26, Weekly median advertised rent $285

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

TAS has seen average median house prices change by 9.78% which means that Newstead, 7250 has done well for property investors by showing a capital gain of 11.04% over the last year

Over the longer term, Newstead has seen property prices show investors a 26.76% return over the last 3 years. This is worse than over the last 12 months

At number 25th of TAS’s most discounted properties, Newstead is in the bottom 30% of the state/territory when listing in order of most discounted to least.

The TAS suburb of Newstead, 7250 is in the Launceston (C) local government area.

Newstead, 7250 ranked 8th 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

The five-year average increase in median property values for Newstead,7250 has given property investors a potential capital gain of 60.35% across each of those five years.

Newstead, 7250’s gross rental yield is 4.67%

Information supplied by:


October 2018

M
O

W
E

Values fall sharply

Postcode: 7250

Median unit price: $244,000

Three-year growth: 26.4%

Rental yield: 4.7%

A close neighbour of Launceston, Newstead is benefiting from the city’s increasing prominence among homebuyers. It is populated by many schools, such as Newstead College, Newstead Christian School and Launceston Preparatory School. Thus, it is perfect for growing families looking for education options. It is also characterised by its leafy streets, character homes, restaurants, pubs and shops, including the Newstead Shopping Complex. A medical centre is located here as well.

As with most of Tasmania, Newstead enjoys low prices. However, over the July 2017-2018 period, unit values fell considerably by 7.9%, causing the median price to fall below $250,000. This marks the breaking of the strong positive growth trend enjoyed by the suburb since five years ago.

Nonetheless, Newstead still offers good returns on rent – 4.7% yield off average rent rates of $220 per week

Metrics i HOUSE UNIT
$450,000 $317,500
4.65% 9.48%
11.04% 17.59%
5.38% 8.64%
$380 $285
108 26
4.39% 4.67%
55.5555555555556 69.9444444444444

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Very good (U)
Find a mortgage broker in Newstead TAS
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
Chart Table