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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 -7.86% 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 123 days.The median listing price for units is $354,500 and this has changed -8.40% over the past year. The average unit takes 72 days to sell and the median rent for a unit in Newstead is $400 per week, producing a rental yield of 5.86%.

Supply & Demand in Newstead, Launceston

0.59%

Current vacancy rate


16

Rental stock available


5,364

Population


27.77%

Rental population


0.72%

Current vacancy rate


234

Rental stock available


65,275

Population


30.07%

Rental population


0.51%

Current vacancy rate


1,414

Rental stock available


509,956

Population


23.11%

Rental population


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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 -7.86% NA -8.40%
Median price change - 2 years -7.20% NA -14.48%
  House Townhouses Units
Median weekly rent $500 NA $400
Median yield % 4.03% NA 5.86%
Median rent change - 1 year 0.00% NA 3.89%
  House Units
Previous month sales 10 2
Stock on market previous month 31 5
Stock variance vs. last year -13.89% -37.50%
Average days on market 123 72

Newstead investment property listings

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