Newstead vs Ranelagh
Property investment comparison - Newstead, TAS 7250 vs Ranelagh, TAS 7109
Head-to-head across core investment metrics: Newstead wins 2, Ranelagh wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Newstead | Ranelagh |
|---|---|---|
| Median house price | $740K | $730K |
| Median unit price | $500K | - |
| Gross rental yield (houses) | - | 3.61% |
| Gross rental yield (units) | 4.83% | 4.10% |
| 1-year house growth | +11.6% | +7.6%estimate |
| 3-year house growth | -1.3% | - |
| Vacancy rate | 1.9% | 1.4% |
| Population | 5,617 | 1,484 |
Newstead vs Ranelagh: what the numbers say
The median house price is $740K in Newstead and $730K in Ranelagh, so Ranelagh is the cheaper entry point, with Newstead houses about 1% dearer.
Over the past year house prices moved +11.6% in Newstead and +7.6% in Ranelagh (an estimate), so recent momentum favours Newstead, although both suburbs recorded growth.
Rental vacancy is 1.4% in Ranelagh and 1.9% in Newstead, so landlords in Ranelagh face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Newstead is the bigger suburb, with a population of 5,617 against 1,484, roughly 3.8 times the size of Ranelagh; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Ranelagh for a lower purchase price, Newstead for recent price momentum, Ranelagh for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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