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Lot 2 Junction Street, Newstead$890,000
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Lot 2 Junction Street

Newstead, TAS 7250, Australia
$890,000
5974 m²

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About this property

This outstanding 5974 sqm (approx 1.5 acres) cleared site presents a prime opportunity for multi-unit or townhouse development (STCA). Elevated with sweeping views across Newstead to the eastern hills, it combines scale, outlook and proximity to Launceston's key amenities - an ideal platform for your next project. An adjoining 819 sqm allotment (Lot 1 Junction St) can also be acquired, bringing the total to 6793 sqm (1.7 acres). In addition, a separate 5209 sqm site at 37 Talbot Road (sold separately) already holds DA approval for four units, offering further scope for coordinated development in this emerging pocket. All services are available at the boundary, ensuring a straightforward start to construction. Located just five minutes from Launceston CBD and moments from Newstead's shopping precinct, schools and services, this site is ready to reward a builder or developer with vision. Contact Jeremy Wilkinson for further information. Land size: 5974 sqm (approx 1.5 acres) Council: Launceston Zoning: General Residential **Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate**

Property Details

Property Type
land
Listing Type
For Sale
Land Area
5974 m²
Listed
3 months ago

Repayment calculator

$4,315/month
$2,157 /fortnight
Loan $712,000 at 6.10% over 30 years

Upfront costs

Deposit$178,000
Stamp duty$35,235
Conveyancing (est.)$2,000
Total upfront$215,235
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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Newstead

This land in Newstead, TAS 7250 sits within reach of public transport, local shops and nearby schools. It is listed 37% above the $649,000 median of 63 comparable landswithin 5 km.

Schools near Newstead

  • Newstead Christian Schoolcombined · Prep-10 · CoEd
  • Scotch Oakburn Collegecombined · Prep-12 · CoEd
  • Punchbowl Primary Schoolprimary · K-6 · CoEd
  • St Thomas More's Catholic Schoolprimary · Prep-6 · CoEd
  • Newstead Collegesecondary · 11-12 · CoEd

What's nearby

  • Abbott St/St Thomas More's Out (bus)314 m away
  • Wentworth Store330 m away
  • Chungon Crescent Park248 m away
  • St Andrews Gardens275 m away
  • Unnamed458 m away

Newstead at a glance

Full suburb profile
Population
5,617
Median age
43
Household income
$1,470/wk
Median rent
$310/wk
Median mortgage
$1,417/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Newstead price trend

Median sold · House 3 bed

Compound growth +1.7% / yr over 4 yrs

$713kcurrent median

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Price history

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1 price change recorded for this property

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