TAS, 7250 - Launceston

Thinking about buying in Newstead? Now could not be a better time, with 3322 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $438,000 with prices in this suburb ranging from $16,000 to $3,245,000.

Distance to the coast is 43 Km.

Properties for sale in Newstead

Household Makeup

Median Weekly Rent $330.86
Median Monthly Mortgage $1377.71
Median Persons Per Bedroom 0.80
Average Household Size 2.14
Average Age 39.71
Average Income $823.71
Average Cars Per Dwelling 1.66
Average Properties Within 50M 13

Average Property Prices

1 Bed $266,000
2 Bed $301,000
3 Bed $422,000
4 Bed $559,000
5 Bed $761,000
6 Bed+$837,000
Instant Property Valuation

Newstead Real Estate Market Outlook

In Newstead there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Newstead is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Newstead leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Newstead the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Housing Stock

Local Schools

St Thomas More's Catholic School

The Launceston Preparatory School

Scotch Oakburn College

Punchbowl Primary School

Newstead Christian School

Newstead College

Queechy High School

East Launceston Primary School

Tamar Valley Steiner School

John Calvin School

(While the above schools are located with the suburb of Newstead there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Newstead weather - Average Local Climate by month

Min (°C)
Max (°C)
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(MJ/sq m)

source: Australian Government Bureau of Meteorology

Recently Sold Properties / House Prices

30-08-2019 $550,000 2312 ELSMORE RD
24-11-2017 $520,000 2312 ELSMORE RD
23-01-2017 $388,611,259 4157 GWYDIR HWY
07-10-2016 $74,000,000 4157 GWYDIR HWY

Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

East LauncestonPunchbowlLauncestonSouth LauncestonNorwoodKings MeadowsWest LauncestonRavenswoodInvermayWaverley

Public Transport

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