Newstead, TAS 7250
Meander Valley CouncilAll suburbs in postcode 7250
Updated
Median house price
$665,000
Median unit price $420,000.
ABS statistical area (SA2) median · 2024
An SA2 can take in surrounding localities, so this can differ from sales in Newstead itself.
Selling in Newstead?
Get the free selling guide, personalised to Newstead, or ask for a free appraisal from a local agent.
House prices in Newstead
Across the ABS statistical area that takes in Newstead, houses changed hands at $665,000 in 2024, in line with the Tasmania median. An SA2 can take in surrounding localities, so this can differ from sales in Newstead itself. 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.
- Weekly rent (house)
- $285/wk
- Weekly rent (unit)
- $242/wk
Rental data as of April 2026
Free appraisal in Newstead
What’s your home worth in Newstead?
Ask us to introduce one participating agent who sells in your area for an appraisal backed by recent comparable sales. Only with your permission, and no commitment to list.
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.
Daily life is car-dependent: most residents drive to work, school and the shops.
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.
Summer days here average around 25°C (mild), winter mornings around 3°C (cold). Annual rainfall lands at about 677 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 7 government primary, 5 government secondary, 3 Catholic, 4 independent.
Schools in Newstead
Location
Walkability
- Walk
- 20/100
- Transit
- 0/100
- Bike
- 75/100
Very car dependent. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
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, housesSource: ABS Data by Region (SA2-level, 2024) · Dec 2024
- 2.23%
- On the $665,000 median
- Gross yield, unitsSource: ABS Data by Region (SA2-level, 2024) · Dec 2024
- 3.00%
- On the $420,000 median
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Weather year-round
- Annual rainfall
- 677 mm
- Hottest month, avg max
- 24.5°C
- Coldest month, avg min
- 2.7°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Newstead
- What is the median house price in Newstead?
- The median house price for the ABS statistical area (SA2) that takes in Newstead, TAS 7250 is $665,000 (2024). An SA2 can take in surrounding localities, so this can differ from sales in Newstead itself. The median unit price is $420,000.
- How much is my house worth in Newstead?
- A useful starting point is the Newstead median house price of $665,000 (units $420,000). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- What is the Newstead postcode?
- Newstead is in the 7250 postcode, in TAS, in the Meander Valley Council region.
- Where is Newstead?
- Newstead is a suburb in the Meander Valley Council area, TAS 7250.
- 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.
Selling in Newstead? Get the free selling guide
What selling costs, how agents price homes, what to ask them and a 12-week plan to settlement, personalised to Newstead. A free PDF, in about a minute.
More on Newstead and nearby
Newstead
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Selling in TAS
Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.