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Investment Property Newstead, TAS, 7250

Suburb Snapshot

Newstead is a suburb in the Launceston Region of Tasmania. Newstead has a population of 5,364 people and 27.77% of its occupants live in rental accommodation. The median listing price for houses is $645,000 and this has changed -7.47% over the past year and changed -7.20% over 2 years.

The median rent in Newstead for houses is $500 per week and the median rental yield is 4.03%. Stock on the market for houses/townhouses has changed -13.89% compared to last year and the average time to sell a house/townhouse is 129 days.The median listing price for units is $354,500 and this has changed -7.93% over the past year. The average unit takes 74 days to sell and the median rent for a unit in Newstead is $405 per week, producing a rental yield of 5.94%.

Supply & Demand in Newstead, Launceston

0.85%

Current vacancy rate


23

Rental stock available


5,364

Population


27.77%

Rental population


0.70%

Current vacancy rate


226

Rental stock available


65,275

Population


30.07%

Rental population


0.49%

Current vacancy rate


1,351

Rental stock available


509,956

Population


23.11%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Newstead, Launceston

  House Townhouses Units
Median listing price $645,000 NA $354,500
Median price change - last quarter -0.70% NA -5.47%
Median price change - 1 year -7.47% NA -7.93%
Median price change - 2 years -7.20% NA -10.71%
  House Townhouses Units
Median weekly rent $500 NA $405
Median yield % 4.03% NA 5.94%
Median rent change - 1 year 0.00% NA 3.84%
  House Units
Previous month sales 5 0
Stock on market previous month 31 4
Stock variance vs. last year -13.89% -33.33%
Average days on market 129 74

Newstead investment property listings

Showing 5 of 34 investment properties found in Newstead on realestateinvestar.com.au

9/88 Elphin Rd, NEWSTEAD

$425,000

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Mid Century light filled apartment in Prime location

Completed in 1966 and designed by prominent architect, and former Hobart Alderman, Barry Fisher, Elphin House Apartments are a recognised Elphin Road landmark that showcases the best of Launceston's mid-century architecture in a sought after location Positioned on the top floor and commanding one ...

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TAS 7250


3/10 Flowers Ct, NEWSTEAD

$549,000

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Sunny Northerly Aspect with Spacious Living & Views

Positioned within a quiet, well-kept enclave, this inviting residence presents an outstanding opportunity for first-home buyers, downsizers or savvy investors seeking a foothold in sought-after Newstead. Set on an elevated site, the home captures calming views across Launceston, best enjoyed from ...

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TAS 7250


17 Lennon Rise, NEWSTEAD

$1,100,000

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Four-bedroom elevated home with multiple living areas, outdoor e

Positioned in an elevated pocket of Lennon Rise with wide-reaching views across Newstead, this quality-built home offers a versatile layout, abundant natural light and multiple living spaces. With a rare sense of openness and adaptability, it has been thoughtfully designed to accommodate growing ...

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TAS 7250


35 Hart St, NEWSTEAD

$595,000

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Move Straight In And Enjoy

Positioned in one of Newstead's most consistently sought-after pockets, this solid brick home offers comfort, practicality and genuine lifestyle appeal. Well presented throughout with neutral tones and an updated kitchen, the home feels light, fresh and easy to personalise. The layout is ...

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TAS 7250


3/28 Landsborough Ave, NEWSTEAD

$749,000

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Private, Secure and Perfectly Positioned in Newstead

Set within a secure, gated community, this residence offers a quality Newstead lifestyle in a location that continues to perform. The position is a standout, private and peaceful, yet conveniently close to well-regarded local schools, neighbourhood shopping and everyday amenities. The kitchen sits ...

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TAS 7250


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