REDBANK PLAINS 
1 MIN READREIA: Consumer Price Index A ‘mixed Bag’ For Housing And Home Buyers
The All Groups consumer price index (CPI) climbed by 1.3 per cent in the December quarter of 2021 and by 3.5 per cent fo...
Read More
NewsteadNewstead - SUBURB PROFILE REPORT
SHARE 
NEWSTEAD, 7250 ranks 401st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 34.83% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $600,000.
The upward trend in home prices in NEWSTEAD, 7250 averaged 16.67% per annum over a 3-year period.
Average weekly rents on listings have reached the $480 mark, reflecting a 4.16% increase in returns based on the current median price in NEWSTEAD.
An average of 6.75 real estate transactions take place per month in NEWSTEAD which translates to 81 per annum.
81 properties were sold in NEWSTEAD in 2016, making it the 11th most active market in TAS based on total real estate transactions.
NEWSTEAD, 7250 places 7th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $600,000 | $382,500 |
| GROWTH REPORT | ||
| Median Quarterly | 19.94% | 16.79% |
| Median 12 month | 34.83% | 20.47% |
| Median 3 years | 50% | 31.9% |
| Median 5 years | 83.49% | 82.14% |
| 10 years average annual | 6.85% | 7.05% |
| Weekly media advert. rent | $480 | $335 |
| Time on Market | 30.8 days | 30.0 days |
| Gross Rental Yield Percent | 4.16% | 4.55% |
Get notifications in real-time for staying up to date with content that matters to you.
Copyright © 2021 Smart Property Investment
