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Newstead, TAS 7250

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Newstead, TAS 7250 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

2BR

3BR

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5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

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3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Newstead, TAS 7250”

  1. The total adult population (15 years or older) of Newstead 7250 TAS is 4,694, with a median age of 43. Of those, 44.18% are married, 13.12% are divorced or separated, 35.04% are single and 7.73% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $8,564. The median monthly mortgage repayment for households in this suburb is $1,417 which is 16.55% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of NEWSTEAD 7250, nestled in Tasmania, hosts approximately 2872 familial households. As of the third quarter in 2023, the typical house prices in NEWSTEAD 7250 hover around $740,183 AUD with a median weekly rent of $541. This produces an attractive indicative yield of 3.8%. This well-maintained figure surpasses the often-seen minimum market requirement of 3% by cashflow-centered property investors ensuring lucrative possibilities.

    NEWSTEAD 7250 achieves an IRSAD score of 997 out of a possible 1217, an impressive metric which presents its inhabitants with an enhanced socio-economic status. An optimal ratio of 27% renter to owner ratio stems from a balanced market of tenants to homeowners, lower than the threshold of 30% that is viewed as favorable, thus, establishing greater appeal to property investors.

    The data further showcases that the units to houses ratio is a mere 14%, firmly forming the area’s charm towards long-term family tenants and further reducing competition among landlords. This favorable proportion of units to house ratio ensures landlords maintain higher rental yields, with the threshold of 50% seen as a favorable range in the Australian property market.

    The affordability index in NEWSTEAD 7250 is significantly high, clocking in at 34 years. This indicates a longer duration required to fully own property factoring in current interest rates, median family income, and property prices is seen, thus depicting a decreased affordability scenario in the area than the ideal duration of 30 years.

    When it comes to supply, the suburb has a stock on market Percentage of 0.21% keeping it within the favourable range of below 0.4%. Simultaneously, the inventory level sits comfortably at 0.82 months ahead of the favourable market’s 2 months indicative standard. The building approval ratio is at a favorable 0.46%, much below the 2% threshold indicating lower impending supply that might affect short-term property values.

    NEWSTEAD’s average number of days ‘for sale’ listings remain active on the web is at 44 days, which strikes a balance between high and low demand. The vacancy rate is 2.06%, indicating a stable market while providing prospective tenants with more choices and potentially balanced rental yield for landlords in the long term.

    For a potential buyer, the buy search index is 3, indicating a moderate demand in the area. Despite a few unfavorable indicators in the suburb, overall, the metrics seem to point towards a stable market with the potential for steady growth. As always, remember that the RCS (Relative Composite Score) developed by HtAG Analytics provides a comprehensive analysis of over 80 metrics making understanding the property market landscape even easier.

    The suburb of NEWSTEAD 7250 demonstrates that excellent returns can be achieved when a majority of market metrics are favourable, despite a few that fall into the unfavorable sphere.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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