Launceston vs Newstead
Newstead (median $665,000) is roughly 14% cheaper to buy into than Launceston ($775,000).
Buying in Launceston or Newstead?
Selling in Launceston? The free selling guide
Launceston and Newstead side by side
| Measure | Launceston | Newstead |
|---|---|---|
| Price and market | ||
| Median house | $775,000 | $665,000 |
| Median unit | $502,500 | $420,000 |
| Renting | ||
| House rent | $285/wk | $285/wk |
| Unit rent | $310/wk | $242/wk |
| Owner occupied | 47.0% | – |
| Renter occupied | 52.0% | – |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1014 | 1003 |
| Lifestyle and people | ||
| Walk score | 100 | 20 |
| Transit score | 0 | 0 |
| Bike score | 100 | 75 |
| Population | 3,110 | – |
| Median age | 41 | – |
| Climate | ||
| Annual rainfall | 677 mm | 677 mm |
| Mean max, January | 24.5°C | 24.5°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
Launceston scores higher on walkability (100/100 vs 20/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Launceston (1014) sits above Newstead (1003).
- For buyers
- Newstead is the lower entry point at $665,000 median, 14% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Newstead offers the higher gross rental yield (2.23% vs 1.91%), favouring cash-flow investors.
- For families
- Launceston edges out on average school ICSEA (1014 vs 1003).
Launceston vs Newstead: common questions
Is Launceston or Newstead cheaper to buy in?
Newstead has the lower median house price at $665,000, roughly 14% below Launceston ($775,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Launceston or Newstead have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Launceston scores 1014 vs 1003 in Newstead. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Launceston or Newstead?
Launceston scores 100/100 on walkability vs 20/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Launceston or Newstead?
Gross rental yield on houses is 2.23% in Newstead vs 1.91% in Launceston. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
Keep comparing
The two suburbs
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