Newstead, TAS 7250: Suburb Profile & Property Report

Market Report

House report
Unit Report

In Newstead, the median property price for a house is currently $735,000 with annual capital growth of 2.08% . There were 81 house sales in the past 12 months. On average, houses spend 32 days on market.

If you're thinking about buying an investment property in Newstead, consider that rental yields for houses are currently 3.88% with an average median rent of $520 weekly. Houses have seen 1.03% growth in the past quarter, and 2.08% growth in the past 12 months.

The size of Newstead is approximately 3.9 square kilometres. It has 8 parks covering nearly 15.1% of total area. The population of Newstead in 2011 was 4,968 people. By 2016 the population was 5,366 showing a population growth of 8.0% in the area during that time. The predominant age group in Newstead is 10-19 years.

Households in Newstead are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Newstead work in a professional occupation. In 2011, 66.2% of the homes in Newstead were owner-occupied compared with 64.4% in 2016.

In Newstead, the median property price for a unit is currently $453,000 with annual capital growth of 7.86% . There were 27 unit sales in the past 12 months. On average, units spend 28 days on market.

If you're thinking about buying an investment property in Newstead, consider that rental yields for units are currently 5.04% with an average median rent of $395 weekly. Units have seen 4.74% growth in the past quarter, and 7.86% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$735,000	$453,000
Quarterly growth	+1.03%	+4.74%
12-month growth	+2.08%	+7.86%
Average annual growth	+11.82%	+10.90%
Weekly median rent	$520	$395
Gross rental yield	3.88%	5.04%
Number of Sales (12m)	81	27
Avg. Days on Market (12m)	32	28

Jump to Market Trends

Key Demographics	2011	2016
Total population	4,968	5,366
Population change (5y)	+5.32%	+8.00%
Median household income (p/w)	$966	$1,125
Household income change (5y)	+13.92%	+16.46%
Median age of persons	41	41

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Newstead is $735,000 for houses and $453,000 for units.

The Median Growth in Newstead over the past 12 months is 2.08% for houses and 7.86% for units.

Over the past 12 months there were 81 houses sold and 27 units sold in Newstead. On average, houses spent 32 days on market and units spent 28 days on market.

In the past 12 months up to September 2024 there were 81 houses sold and 27 units sold in Newstead. On average, houses spent 32 days on market and units spent 28 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Newstead is $520 for houses and $395 for units.

The Rental Yield in Newstead is 3.88% for houses and 5.04% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Newstead was 5,366 in 2016, a +8.00% change compared to 2011.

The predominant age group in Newstead is 10-19 years.

The population of Newstead was 5,366 in 2016, a +8.00% change compared to 2011.

The predominant age group in Newstead is 10-19 years.

Most of the population in Newstead were born in Australia.

Most of the population in Newstead report their religion as No Religion.

Most of the population in Newstead report their income range as between $15,000 and $33,000 .

The median household income in Newstead was $1,125 in 2016, a +16.46% change compared to 2011.

Most of the population in Newstead report their income range as between $15,000 and $31,000 .

The median household income in Newstead was $966 in 2011, a +13.92% change compared to 2006.

Most of the population in Newstead work as Professional.

The chart below demonstrates the various levels of education in Newstead.

Most of the population in Newstead reached a qualification level of Bachelor.

2011 2016

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