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Newstead

Suburb Profile

Newstead - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7250

house
unit

NEWSTEAD, 7250 ranks 1110th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 7.74% 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 $452,500.

The upward trend in home prices in NEWSTEAD, 7250 averaged 7.43% per annum over a 3-year period.

Average weekly rents on listings have reached the $365 mark, reflecting a 4.19% increase in returns based on the current median price in NEWSTEAD.

An average of 8.58 real estate transactions take place per month in NEWSTEAD which translates to 103 per annum.

103 properties were sold in NEWSTEAD in 2016, making it the 178th most active market in TAS based on total real estate transactions.

NEWSTEAD, 7250 places 105th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $452,500 $332,500
GROWTH REPORT
Median Quarterly 0.56% 4.72%
Median 12 month 7.74% 23.15%
Median 3 years 22.3% 24.3%
Median 5 years 31.16% 75%
10 years average annual 3.96% 6.04%
Weekly media advert. rent $365 $300
Time on Market 49.5 days 53.6 days
Gross Rental Yield Percent 4.19% 4.69%
demographics (median values)
Total Population
4717
Weekly Household Income
830.2
Household Size
2.30
demographics
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