Download your FREE reports now!

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

0 found properties in Newstead on realestateinvestar.com.au

Navigate to more Suburbs, Regions or States