AREA REPORTS

Newstead

 

 

TAS/
Newstead

Suburb Profile

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

house
unit

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 $403,500.

The upward trend in home prices in NEWSTEAD, 7250 averaged 8.05% per annum over a 3-year period.

Average weekly rents on listings have reached the $350 mark, reflecting a 4.51% increase in returns based on the current median price in NEWSTEAD.

An average of 8.92 real estate transactions take place per month in NEWSTEAD which translates to 107 per annum.

107 properties were sold in NEWSTEAD in 2016, making it the 197th most active market in TAS based on total real estate transactions.

NEWSTEAD, 7250 places 82nd 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 $403,500 $289,000
GROWTH REPORT
Median Quarterly 2.93% 5.09%
Median 12 month 7.89% 7.04%
Median 3 years 24.15% 56.22%
Median 5 years 26.09% 60.56%
10 years average annual 3.72% 5.5%
Weekly media advert. rent $350 $250
Time on Market 33.0 days 60.0 days
Gross Rental Yield Percent 4.51% 4.5%
demographics (median values)
Total Population
4717
Weekly Household Income
830.2
Household Size
2.30
demographics
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