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%
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Values fall sharply
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