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Newstead, VIC 3462
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$750,000
list-price estimate
Median Unit
$620,000
Gross Yield (units)
2.5%
1yr Growth (houses)
+4.2%
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
Newstead sits in VIC, postcode 3462. House prices have moved +4.2% over the past year and +5.9% over three years. At 3.6% vacancy, it is a softer rental market with more choice for tenants.
Demand is softer at 3.6% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 61 days on market, so plan for a slower exit if you ever need one.
Living in Newstead: people, income and schools
About 820 people live in Newstead, and the area has been growing steadily, up about 8% over five years. The median age is 51, an older, established demographic, and 87% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $57,000 a year, or roughly $1,110 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). Incomes have risen about 36% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing a little above the national school average on ICSEA. It is fairly car-dependent; the suburb scores 6 for walkability and 6 for transit out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 820
- +8% over 5yr
- Median age
- 51 years
- Median household income
- $57,000/yr
- Households renting
- 9%
- Family households
- 61%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1081
- Unemployment
- 2.8%
- Walk score
- 6/100
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. Capital growth of +4.2% in the past year shows positive 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, VIC 3462 is $620K for units.
What rental yield does Newstead show?
The gross rental yield in Newstead is 2.5% 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 4.2% over the past year and up 5.9% 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 3.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Newstead?
Newstead has a population of approximately 820 residents, with a median age of 51.
What schools are near Newstead?
There are 1 school 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's population growing?
The population of Newstead has grown about 8% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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