Located in the heart of historic Newstead, this appealing township zoned block offers two road frontages, easy walking distance to shops, schools and public transport. Offering 4 titles, 8270m2 in total with subdivision potential, this level and cleared block offers a multitude of opportunities for building or development (STCA) and has great views across the Loddon River flats. There is a tapped well on site and access via Adair Street. Located only 16 kms to Castlemaine and 90 minutes to Melbourne, Newstead is a vibrant and well serviced township offering great lifestyle and community. A great chance to secure a central town block.
The size of Newstead is approximately 46.7 square kilometres. It has 3 parks covering nearly 21.1% of total area. The population of Newstead in 2011 was 802 people. By 2016 the population was 750 showing a population decline of 6.5% in the area during that time. The predominant age group in Newstead is 60-69 years. Households in Newstead are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newstead work in a professional occupation. In 2011, 78.5% of the homes in Newstead were owner-occupied compared with 82.6% in 2016.
Newstead has 604 properties. Over the last 5 years, Houses in Newstead have seen a 34.51% increase in median value. As at 31 October 2024:
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