All About Newstead, Launceston, TAS, 7250
Newstead, a suburb of Launceston in Tasmania, offers a unique blend of heritage charm and modern convenience, making its housing market particularly appealing to a diverse range of buyers. The suburb is characterized by its variety of property types, from classic Federation-style homes that reflect its historical significance, to sleek, contemporary apartments that cater to modern tastes. Over the past few years, Newstead has seen a steady increase in property values, driven by strong demand from both local buyers and interstate migrants attracted by the region's lifestyle, affordability, and potential for capital growth. With its close proximity to the Launceston CBD, yet preserving a serene suburban feel, Newstead balances accessibility and tranquility, making it an increasingly popular choice for families, retirees, and young professionals alike.
Living in Newstead offers an exceptional quality of life, combining convenience with a community-oriented atmosphere. The suburb is well-served by amenities including parks, schools, and shopping centers, contributing to its reputation as a family-friendly area. One of its standout features is the Newstead shopping precinct, which provides a range of retail and dining options that cater to everyday needs. Moreover, the suburb's leafy streets and well-maintained public spaces encourage an active, outdoor lifestyle. Community events and a strong sense of neighborhood camaraderie foster a welcoming environment for residents. Overall, Newstead promises a peaceful suburban lifestyle with easy access to the vibrant cultural and economic opportunities that Launceston has to offer.
Household Makeup
| Median Weekly Rent | $330.86 |
| Median Monthly Mortgage | $1377.71 |
| Median Persons Per bed houseroom | 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 |
| Typical 1 bed house | $266,000 |
| Typical 2 bed house | $301,000 |
| Typical 3 bed house | $422,000 |
| Typical 4 bed house | $559,000 |
| Typical 5 bed house | $761,000 |
| Typical 6 bed+ house | $837,000 |
Housing Stock
Local Internet Speeds
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Newstead Real Estate Market Outlook
Thinking about buying in Newstead? Now could not be a better time, with 3322 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $438,000 with prices in this suburb ranging from $16,000 to $3,245,000. The aproximate distance to the coast is 43 Km.
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.
Instant Property ValuationLocal 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
Newstead weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 3.1 | 17.7 | 30.8 | 37.6 | 86.6 | 3.1 | 25.0 |
| Feb | 3.0 | 16.4 | 29.5 | 38.0 | 88.6 | 2.8 | 23.2 |
| Mar | 3.1 | 15.6 | 28.6 | 36.6 | 88.3 | 2.7 | 18.4 |
| Apr | 1.6 | 11.3 | 23.9 | 38.9 | 88.4 | 2.6 | 16.4 |
| May | 1.3 | 7.1 | 19.5 | 42.2 | 91.8 | 2.3 | 12.8 |
| Jun | 1.5 | 5.4 | 16.9 | 44.4 | 92.4 | 2.4 | 10.8 |
| Jul | 1.6 | 3.4 | 15.9 | 39.6 | 92.5 | 2.4 | 12.2 |
| Aug | 1.4 | 4.2 | 18.1 | 31.9 | 86.1 | 2.6 | 14.9 |
| Sept | 1.8 | 7.4 | 20.4 | 36.9 | 88.3 | 2.8 | 18.3 |
| Oct | 2.9 | 11.1 | 24.4 | 34.9 | 87.4 | 2.8 | 22.0 |
| Nov | 2.8 | 13.9 | 27.8 | 32.2 | 81.6 | 3.0 | 26.0 |
| Dec | 4.2 | 15.2 | 27 | 44.6 | 91.4 | 2.8 | 24.6 |
source: Australian Government Bureau of Meteorology
Recently Sold Properties / House Prices
| 24-11-2017 | $520,000 | 2312 Elsmore Road |
| 23-01-2017 | $388,611,259 | 4157 Gwydir Hwy |
| 07-10-2016 | $74,000,000 | 4157 Gwydir Hwy |
Public Transport
Glen Innes - Greater then 10KM
Nearby Suburbs
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