Newstead is a mid-sized suburb in Tasmania within the Launceston local government area (postcode 7250). With a population of 5,617, the suburb has an established demographic with a median age of 43. Households earn a median income of $76K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Newstead is $665,000, having dropped significantly 12.5% over the past year. Units have a median price of $420,000 (-15.2% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,417.
Newstead is served by 5 schools, including 2 primary, 1 secondary, 2 combined. The average ICSEA score is 1042, which is around the national average of 1,000. Public transport access includes 30 bus stops.
From an investment perspective, Newstead offers a gross rental yield of 4.3%, rated as moderate yield. Property prices are near the state median ($665K/$750K). The price-to-income ratio of 8.7x is considered moderate. House prices have moved -12.5% year-on-year.
Newstead is a mid-sized suburb in Tasmania within the Launceston local government area (postcode 7250). With a population of 5,617, the suburb has an established demographic with a median age of 43. Households earn a median income of $76K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Newstead is $665,000, having dropped significantly 12.5% over the past year. Units have a median price of $420,000 (-15.2% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,417.
Newstead is served by 5 schools, including 2 primary, 1 secondary, 2 combined. The average ICSEA score is 1042, which is around the national average of 1,000. Public transport access includes 30 bus stops.
From an investment perspective, Newstead offers a gross rental yield of 4.3%, rated as moderate yield. Property prices are near the state median ($665K/$750K). The price-to-income ratio of 8.7x is considered moderate. House prices have moved -12.5% year-on-year.