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Newstead, TAS 7250
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$740,000
market range $700K-$875K
Median Unit
$500,000
market range $450K-$525K
Gross Yield (units)
4.8%
1yr Growth (houses)
+11.6%
market range +2.5% to +15.0%
Investment snapshot for Newstead
Newstead has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Newstead market and investor summary
In Newstead, TAS 7250, the median house sells for around $740K. House prices have moved +11.6% over the past year and -1.3% over three years. At 1.9% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.9% and a resident base that is not shrinking.
Living in Newstead: people, income and schools
Newstead has a resident population of roughly 5,617, a number that has held fairly steady over five years. At a median age of 43, it reads as skewed a little older, and families account for 63% of households.
The typical household income runs to around $76,000 a year (about $1,470 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 9.7 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.
Families have 36 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Most day-to-day errands are doable on foot; the suburb scores 92 for walkability and 9 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 5,617
- +0% over 5yr
- Median age
- 43 years
- Median household income
- $76,000/yr
- Households renting
- 27%
- Family households
- 63%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 36
- avg ICSEA 1065
- Unemployment
- 3.1%
- Walk score
- 92/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Newstead
View all →Frequently asked questions about Newstead
What should I check before investing in Newstead?
Newstead has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.8% gives a usable rent-to-price starting point. Capital growth of +11.6% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Newstead?
The median property price in Newstead, TAS 7250 is $740K for houses and $500K for units.
What rental yield does Newstead show?
The gross rental yield in Newstead is 4.8% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Newstead?
House prices in Newstead are up 11.6% over the past year and down 1.3% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Newstead?
The current vacancy rate in Newstead is 1.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Newstead?
Newstead has a population of approximately 5,617 residents, with a median age of 43.
What schools are near Newstead?
There are 36 schools within roughly 5km of Newstead. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Newstead affordable to buy in?
A median house in Newstead costs about 9.7 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Newstead's population growing?
The population of Newstead has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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