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Newstead
AREA REPORTS

Newstead

Newstead - 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 $460,000.

The upward trend in home prices in NEWSTEAD, 7250 averaged 7.12% per annum over a 3-year period.

Average weekly rents on listings have reached the $420 mark, reflecting a 4.75% increase in returns based on the current median price in NEWSTEAD.

An average of 7.25 real estate transactions take place per month in NEWSTEAD which translates to 87 per annum.

87 properties were sold in NEWSTEAD in 2016, making it the 4th most active market in TAS based on total real estate transactions.

NEWSTEAD, 7250 places 132nd in Australia based on median property value growth during the quarter.

Data report can be found below

Newstead
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $460,000 $293,000
GROWTH REPORT
Median Quarterly 1.1% -3.93%
Median 12 month 2.79% -8.44%
Median 3 years 21.37% -1.51%
Median 5 years 48.39% 34.1%
10 years average annual 3.89% 8.92%
Weekly media advert. rent $420 $320
Time on Market 47.7 days 47.7 days
Gross Rental Yield Percent 4.75% 5.68%
demographics (median values)*
Total Population
48050
Weekly Household Income
1142
Household Size
2.30
Age
41
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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