Meander Valley Council
Newstead
Newstead at a glance
Median house
$665,000
Median unit
$420,000
Walk score
20
Very car dependent
Population
51.1k
Median age 41
The brief
What to know about Newstead.
Newstead (7250) sits in the Meander Valley region of Tasmania. The median house here is $665,000, in line with the Tasmania median of around $650K.
Newstead has roughly 51,133 residents, with a typical family-age mix. Households are dominated by renters. Daily life is car-dependent: most residents drive to work, school and the shops.
Side by side
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Day to day
What it’s like to live here.
Newstead scores 20/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Schooling within or near the suburb covers 7 government primary, 5 government secondary, 3 Catholic, 4 independent.
Who lives here
Demographics.
The 2021 Census put Newstead's population at 51,133, with a median age of 41. That sits as a typical family-age mix.
Population
51,133
Median age
41
Family households
–
Lone person
–
Houses change hands at $665,000 on a typical sale, in line with the Tasmania median. Units come in around $420,000, roughly 37% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $133,000. Prices are in line with the Tasmania median, so the broader state lending settings apply.
Market
The price of a home here.
Median house price
$665,000
+0.0% over the past year. Median unit price $420,000.
Sales data as of December 2024· sales-abs
Rental and ownership
Weekly rent (house)
$285/wk
Weekly rent (unit)
$242/wk
Owner occupied
–
Renter occupied
–
At a deeper level
$665,000
$420,000
51,133
Median age: 41
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For investors
Investment overview.
Gross rental yield on houses sits at 2.23% (median rent $285/wk against a $665,000 price tag). Units yield 3.00% gross, often the better cash-flow play for first-time investors.
Gross Yield (House)
Source: ABS Data by Region (SA2-level, 2024) · Dec 20242.23%
Based on $665,000 median
Gross Yield (Unit)
Source: ABS Data by Region (SA2-level, 2024) · Dec 20243.00%
Based on $420,000 median
Annual Growth (House)
Source: ABS Data by Region (SA2-level, 2024) · Dec 2024–
Year-on-year capital growth
Annual Growth (Unit)
Source: ABS Data by Region (SA2-level, 2024) · Dec 2024–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021–
Higher = more owner-occupier demand
Days on Market
Source: ABS Data by Region (SA2-level, 2024) · Dec 2024–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Getting around
Walkability.
20
0
75
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Newstead.
Local schools for Newstead
View the catchment for each school to find out more.
Government School Catchment
East Launceston Primary School
Punchbowl Primary School
Newstead College
© ACARA, licensed under CC BY 4.0.
Frequently asked
About Newstead.
- What is the median house price in Newstead?
- The median house price in Newstead, TAS 7250 is $665,000. The median unit price is $420,000. Annual growth is +0.0%.
- What is the Newstead postcode?
- Newstead is in the 7250 postcode, in TAS, in the Meander Valley Council region.
- What is the average rent in Newstead?
- The median weekly rent for houses is $285, for units it's $242.
- What schools are in Newstead?
- There are 20 schools serving Newstead on this page, including St Thomas More's Catholic School, East Launceston Primary School, Newstead Christian School.
- How walkable is Newstead?
- Newstead has a Walk Score of 20 out of 100, highly car-dependent. transit score 0, bike score 75.
- What suburbs are near Newstead?
- Newstead is close to East Launceston, Punchbowl, South Launceston, Elphin, Norwood Avenue Po.
- What is the population of Newstead?
- Newstead has approximately 51,133 residents. The median age is 41.
Newstead
Guides
Surrounding Suburbs
Side by side
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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