93 Olive Street

Newstead TAS 7250

The size of Newstead is approximately 3.9 square kilometres. It has 8 parks covering nearly 15.1% of total area. The population of Newstead in 2011 was 4,968 people. By 2016 the population was 5,366 showing a population growth of 8.0% in the area during that time. The predominant age group in Newstead is 10-19 years. Households in Newstead are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Newstead work in a professional occupation. In 2011, 66.2% of the homes in Newstead were owner-occupied compared with 64.4% in 2016.

Newstead has 2,754 properties. Over the last 5 years, Houses in Newstead have seen a 70.50% increase in median value, while Units have seen a 54.46% increase. As at 30 November 2024:

• The median value for Houses in Newstead is $723,220 while the median value for Units is $406,960.
• Houses have a median rent of $520 while Units have a median rent of $395.