Newstead is a leafy inner Launceston suburb walking-distance north-east of the CBD, a popular address for professionals, academics, and young families drawn by its heritage streetscapes, proximity to the University of Tasmania's Launceston campus, and quality café and restaurant strip. Its consistently low days-on-market and strong price per sqm reflect high owner-demand relative to tight stock in this well-established residential precinct. At the current $570k median house price, an 80% loan at 6.25% over 30 years is about $2,808 per month.
| Median house price | $570,000 |
|---|---|
| Median unit price | $358,000 |
| Estimated monthly repayment | $2,808 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 5.3% |
| Gross rental yield | 4.6% |
| Typical days on market | 21 |
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