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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 40 investment properties found in Newstead on realestateinvestar.com.au

20 Montrose Pl, Newstead

$699,000

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Timeless Charm Meets Everyday Living

Perfectly positioned in sought-after Newstead, this beautifully presented home blends timeless character with relaxed modern living. From the moment you arrive, the home welcomes you with its appealing street presence, manicured gardens, and warm inviting feel. Inside, polished timber floors and ...

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TAS 7250


10 Rupert St, Newstead

$1,290,000

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Renovated, Ready & Positioned to Sell

If you've been waiting for the right Newstead opportunity, this is it. Fully renovated, move-in ready, and set in a standout location, 10 Rupert Street offers immediate lifestyle appeal with nothing left to do. Designed for buyers who want simplicity without sacrificing quality, this home delivers ...

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TAS 7250


7 Lime Ave, Newstead

$3,200,000

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Exquisite Queen Anne Federation Residence With Contemporary Fine

Enviably located within one of Newstead's most desirable tree-lined avenues, 'Karma' stands as one of Launceston's iconic, landmark residences rare, revered, and unmistakably one of a kind. Circa-1908 and set upon a sprawling allotment, this magnificent Queen Anne Federation home represents a ...

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TAS 7250


7/115A Elphin Rd, Newstead

$449,000

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Well-Located Unit Close to Launceston CBD

Situated along Elphin Road, this well-located unit is just minutes from the Launceston CBD and within easy walking distance of everyday conveniences including cafés, shops, schools, a supermarket, public transport, and nearby health services. The property offers a generous layout, with a spacious ...

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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


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