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ABS 2021 Census · Updated 21 May 2026
Newstead is a regional centre in Tasmania, Australia, with a population of approximately 5,617, making it a smaller community. Located approximately 161 km from the Hobart CBD, Newstead is a regional area in Tasmania. The median household income is $76,440 per year.
Household incomes in Newstead sit in a comfortable mid-range for the Tasmania market. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.
Official Australia Post postcode for Newstead. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb.
Find schools near Newstead on My School →Estimated 2 parks and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Newstead's population of 5,617 sits 44% above the Tasmania suburb median of 3,902, giving it a wider tenant and buyer catchment than the average TAS locality. At $76,440/year, household income in Newstead is within 3% of the Tasmania median ($73,944), placing the suburb firmly in the state's mainstream demographic band. Median weekly rent of $310 equates to $1,343/month — about 95% of the median mortgage repayment of $1,417/month — meaning rental income covers most of a typical owner's repayment and this is a genuine cash-flow suburb before tax benefits. Newstead is 161 km from Hobart, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand.
This suburb suits yield-focused investors who are comfortable with lower liquidity. Employment concentration and local population trends matter more here than in metro markets. Local rents consume roughly 21% of household income — a useful sanity check on tenant affordability.
How Newstead stacks up against the median of all Tasmania suburbs in our dataset. Positive values mean Newstead sits above the state median; negative means below.
| Metric | Newstead | TAS median | Δ vs state |
|---|---|---|---|
| Population | 5,617 | 3,902 | +44% |
| Median household income | $76,440/yr | $73,944/yr | +3% |
| Median rent (weekly) | $310 | $320 | -3% |
| Median mortgage (monthly) | $1,417 | $1,378 | +3% |
| Distance to CBD | 161 km | 24 km | +571% |
| Separate houses | 70% | 80% | -10pp |
Pre-inspection briefing for Newstead — every item is derived from public datasets, with full citations in our data sources page.
Solid buy-and-hold profile: a population of 5,617 and household income close to the TAS median ($76,440 vs $73,944) give the market enough depth for patient capital growth without the premium entry price of inner suburbs.
Strong rental coverage: $310/week (~$1,343/month) covers 95% of the $1,417/month median mortgage repayment, so the shortfall sits at just $74/month. Investors targeting positive cash flow should shortlist this suburb.
Only 70% of dwellings are separate houses (vs 80% TAS median) — this is a unit and townhouse market, where cosmetic flips struggle against body-corporate restrictions, thinner after-reno uplift and competing new supply.
Run the numbers on a Newstead property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Property values in Newstead should track the wider Tasmania market through 2026, with the $76,440/year median household income (close to the $73,944 state median) keeping the suburb firmly mid-pack. Rental coverage runs at ~95% of the typical mortgage ($1,343/month rent vs $1,417/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 46/100 places Newstead in the mid tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.
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Newstead scores 46/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 5,617, median household income of $76,440/year and median weekly rent of $310. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Newstead are an above-state-median household income of $76,440/year, a dwelling mix that is 70% separate houses, roughly 1 schools and 2 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Newstead has a usual resident population of approximately 5,617, compared with a Tasmania suburb median of 3,902 — placing it in the upper half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Newstead sits 161 km straight-line from the Hobart CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.
The most recent census recorded a median weekly rent of $310 in Newstead, equating to approximately $16,120/year in gross rental income (state median $320/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Newstead is $1,417, or approximately $17,004/year (vs $1,378/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $310 works out to $1,343/month, covering 95% of the median mortgage repayment of $1,417/month. That leaves a $74/month shortfall (around $888/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are interest-rate sensitivity on the $1,417 median mortgage, the broader Tasmania market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.