Newstead is a quiet locality in New South Wales within the Inverell local government area (postcode 2360). With a population of 19, the suburb has a mature demographic with a median age of 48. Households earn a median income of $65K per year, with an average household size of 2.4 people. The most common occupations are managers, clerical & administrative. The top ancestries reported are English, Scottish, Australian.
The median house price in Newstead is $1.2 million, having declined 3.1% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $953.
Public transport access includes 3 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Newstead offers a gross rental yield of 1.7%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 18.3x is considered stretched. House prices have moved -3.1% year-on-year.
Newstead is a quiet locality in New South Wales within the Inverell local government area (postcode 2360). With a population of 19, the suburb has a mature demographic with a median age of 48. Households earn a median income of $65K per year, with an average household size of 2.4 people. The most common occupations are managers, clerical & administrative. The top ancestries reported are English, Scottish, Australian.
The median house price in Newstead is $1.2 million, having declined 3.1% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $953.
Public transport access includes 3 bus stops. The crime rate in the Inverell LGA is moderate at 5,172 incidents per 100,000 population.
From an investment perspective, Newstead offers a gross rental yield of 1.7%, rated as low yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 18.3x is considered stretched. House prices have moved -3.1% year-on-year.