Suburb overview
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.
Location
Key indicators
Postcode
7250
Postcode for Newstead, from a community postcode dataset cross-checked against Australia Post. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →
Population
5,617
Usual resident population at the most recent census.
Median weekly rent
$520/wk
Median weekly rent — as at May 2025 – Apr 2026, Department of Justice (Tasmania) rental bonds (CC BY 4.0).
Distance to CBD
161 km
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Housing
Median monthly mortgage
$1,417/mo
Monthly median mortgage repayment for households currently paying off a mortgage.
Home type
70% houses
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Why people like living in Newstead
- Regional location about 161 km from Hobart.
- Country-town feel with lower density and slower pace of life.
Who Newstead suits
Pros and cons
Pros
- Rent sits within an affordable share of local incomes, supporting tenant demand.
- Lower purchase prices and more land for the money.
- Established infrastructure and existing community base.
Cons
- Long distance to the CBD (161 km) — plan for commute time or local employment.
- Traffic can build during peak hours, especially on arterial roads.
Investment insight
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 rent of $520/week (as at May 2025 – Apr 2026, Department of Justice (Tasmania) rental bonds) equates to roughly $2,253/month — about 159% of the $1,417/month median mortgage repayment recorded at the 2021 Census. On those figures rental income covers most or all of the recorded repayment, but repayments on new loans have risen with interest rates since 2021, so re-run the coverage at today's rates before treating this as a cash-flow suburb. Newstead is 161 km from Hobart, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand.
Investment tip
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. At the 2021 Census, local rents consumed roughly 21% of household income — a dated but useful sanity check on tenant affordability.
Newstead vs Tasmania median
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, 2021 Census) | $310 | $320 | -3% |
| Median mortgage (monthly, 2021 Census) | $1,417 | $1,378 | +3% |
| Distance to CBD | 161 km | 24 km | +571% |
| Separate houses | 70% | 80% | -10pp |
Investor checklist
Pre-inspection briefing for Newstead — every item is derived from public datasets, with full citations in our data sources page.
- Market depth: 5,617 residents — 144% of the TAS suburb median (3,902).
- Purchasing power: median household income $76,440/year (+3% vs Tasmania suburb median of $73,944).
- Cash-flow coverage (2021 Census): $310/week rent (≈ $1,343/month) covered ~95% of the $1,417/month median mortgage at the 2021 Census — verify against current rents and rates.
- CBD access: 161 km straight-line from Hobart (state suburb median 24 km).
- Dwelling mix: 70% separate houses — house-dominant market (vs 80% state median).
- Rate stress-test: budget ~$142/month extra for a 1-percentage-point RBA rate rise on top of the $1,417/month median repayment.
- Tenant rent burden: 21% of the median household income is spent on rent — comfortably affordable.
Investment strategy
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 at the 2021 Census: $310/week (~$1,343/month) covered 95% of the $1,417/month median mortgage, a shortfall of just $74/month. Both rents and repayments have moved since 2021 — verify current figures, though this suburb has historically leaned cash-flow-friendly.
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.
Risk factors
- Interest-rate sensitivity: the $1,417/month median mortgage in Newstead means a 1-percentage-point RBA rate rise could add roughly $142/month to repayments, reducing buyer borrowing capacity and cooling prices.
- Commute distance: at 161 km from the nearest CBD, Newstead depends on local employment rather than city-driven commuter demand, which amplifies the market's sensitivity to regional industry slowdowns.
- Regulatory risk: changes to Australian tax settings (negative gearing, CGT discount, foreign-buyer surcharges, land-tax thresholds) could reshape after-tax returns in Newstead regardless of local market conditions.
- Market cycle risk: property markets are cyclical, so stress-test your projections in Newstead with a 10–15% price pullback scenario before committing capital — returns to date are not a guarantee of future performance.
Run the numbers on a Newstead property
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Start your journey near Newstead →2026 outlook
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. At the 2021 Census, rental coverage ran at ~95% of the typical mortgage ($1,343/month rent vs $1,417/month repayment), keeping cash flow in positive or near-neutral territory. Verify against current rents and rates. Overall investor sentiment for Newstead is cautious heading into the second half of 2026, based on its income, rent and mortgage profile relative to the Tasmania median.
Frequently asked questions
Is Newstead a good suburb for investment?
Whether Newstead suits you depends on your strategy, but the fundamentals are concrete: a population of 5,617, a median household income of $76,440/year and median weekly rent of $310. Weigh those against your goal — cash flow, capital growth, or a value-add renovation — each of which we break down with suburb-specific ABS numbers elsewhere on this page.
What drives property demand in Newstead?
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. Together these shape both owner-occupier and tenant demand.
What is the population of Newstead?
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.
How far is Newstead from the Hobart CBD?
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.
What is the median rent in Newstead?
The median weekly rent in Newstead is $520 (as at May 2025 – Apr 2026, Department of Justice (Tasmania) rental bonds), equating to approximately $27,040/year in gross rental income. Confirm against current listings on realestate.com.au and Domain before making an offer.
What is the typical mortgage repayment in Newstead?
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.
Is Newstead cash-flow positive for investors?
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.
What are the main risks of investing in Newstead?
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.
How we built this Newstead profile
The population figure on this page comes from the ABS 2021 Census. The postcode comes from a community postcode dataset cross-checked against Australia Post. The dwelling mix is from the ABS 2021 Census. The median household income is the ABS 2021 Census median weekly household income, annualised. Distance to the CBD is calculated from the suburb's ABS centroid. The Census median rent and mortgage figures are 2021 figures and are labelled as such wherever they appear — they are five years old and have moved substantially since. The current median weekly rent in Key indicators is a genuine recent figure from Department of Justice (Tasmania) rental bonds (May 2025 – Apr 2026), published under a Creative Commons licence and dated on the page. We do not publish an investment score or school/park counts for this suburb. See our methodology and data sources for exactly what's measured and what's estimated.