Newstead
Suburb profile, market snapshot and recent listings for Newstead, TAS 7250.
About Newstead
Welcome to Newstead
Newstead sits on the eastern side of Launceston, in Tasmania's north, a few minutes' drive from the CBD and wedged between South Launceston, Norwood and Punchbowl. It's an established, family-oriented suburb built around solid brick homes, quiet residential streets and a strong local school network, which makes it one of Launceston's more dependable and popular addresses.
With a population of 5,617 and a median age of 43, Newstead has the settled, mid-life demographic profile of a suburb that people move to and stay in. It suits families after a bit more space than the inner city offers, downsizers looking for something manageable, and buyers wanting proximity to Launceston's amenities without CBD prices.
Lifestyle & dining
Newstead doesn't have a flashy main strip of its own, but that's part of its appeal — daily life here is about comfortable, unfussy suburban living, with Launceston's full range of cafes, restaurants and cultural venues only a short trip away. The suburb's location on the eastern fringe of the city means residents get the quiet of a residential neighbourhood while still being close enough to walk or cycle into town for a coffee or dinner out.
The surrounding suburbs add to the mix, with Kings Meadows and South Launceston offering their own pockets of retail and food options, so Newstead residents are never far from a good meal or a supermarket run.
Schools & families
Education is one of Newstead's strongest cards. The suburb is home to Newstead College, Newstead Christian School and the well-regarded Scotch Oakburn College, giving families a genuine choice of public and private schooling without needing to leave the area. Nearby Punchbowl Primary School and St Thomas More's Catholic School add further options just over the suburb boundary.
This concentration of schools is a big part of why Newstead attracts and retains families, and it underpins steady demand from parents wanting to keep kids in one school zone through multiple stages of their education.
Getting around
Newstead's position just east of central Launceston makes it an easy commute into the CBD by car, typically a matter of minutes rather than a real trek. Bus services connect the suburb to the city centre and neighbouring areas including South Launceston, Norwood and Kings Meadows, making it workable for residents without a car, particularly students heading to nearby schools and colleges.
For those needing to travel further afield, Launceston Airport and the major arterial roads linking to the rest of northern Tasmania are both within reasonable reach, adding to the suburb's practicality for commuters and frequent travellers alike.
Housing & architecture
The housing stock in Newstead leans heavily towards established houses, which make up 65% of current listings, reflecting the suburb's long history as a family-home area. Apartments and units account for 15% of listings and townhouses a modest 4%, while land listings sit at 17%, pointing to some ongoing infill development alongside the older housing.
Expect a mix of mid-century brick homes and more contemporary builds on generously proportioned blocks, with fewer of the tightly packed new estates found in some outer growth suburbs. It's a suburb where a renovated older home sits comfortably next to a newer build.
The property market
Newstead's median house price currently sits at $713,000, after growth of 16.8% — a strong result that reflects sustained buyer interest in the suburb's schools, location and housing stock. Units and apartments offer a more accessible entry point, with a median of $400,000, appealing to first-home buyers, downsizers and investors alike.
Renters can expect to pay a median of $570 per week, a figure consistent with a suburb that combines proximity to the city with family-friendly housing. Given the mix of established homes and pockets of new land and apartment stock, Newstead offers options across a fairly broad price spectrum, which helps explain its ongoing popularity with a wide range of buyers.
Market snapshot
Newstead property market
Median sale price
$713k
House · 3 bed
Median rent
$570
per week
Gross rental yield
4.2%
annual rent ÷ sale price
Typical price range
Entry
$453k
Median
$713k
Premium
$890k
Days on market
15
Auction clearance
0%
Sold this year
64
Median sold price trend · House 3 bed
Compound growth +1.7% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Newstead by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Newstead, TAS 7250.
Population
5,617
residents (2021)
Median age
43
years
Household income
$1,470
median, per week
Median rent
$310
per week
Median mortgage
$1,417
per month
Mortgage / income
22%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Newstead
Government school catchment
Independent & Catholic schools
Recent results
Recently sold in Newstead
$678k
20 Montrose Place
Sold ~July 2026
$452k
7/115A Elphin Road
Sold ~July 2026
$550k
3/10 Flowers Court
Sold ~July 2026
$1.20m
18 Olive Street
Sold ~July 2026
$510k
1/46 Strahan Road
Sold ~July 2026
$480k
9/88 Elphin Road
Sold ~July 2026
$475k
17 Churchill Crescent
Sold ~July 2026
$715k
7 Brentwood Street
Sold ~July 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Newstead
Compare the area
Price map around Newstead
Every listing for sale near Newstead, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Common questions
Newstead suburb FAQ
What is the median property price in Newstead?
The median house price in Newstead, TAS is $713k for a 3-bedroom home. Over the past year, median sold prices have risen about 16.8%.
How much is rent in Newstead?
The median weekly rent in Newstead is around $570 per week.
Is Newstead a good place to live?
Newstead is a residential locality in the local government area (LGA) of Launceston in the Launceston LGA region of Tasmania. Newstead is an established residential suburb in TAS, with a population of around 5,617 and 5 schools in the area.
What is the population of Newstead?
Newstead has a population of 5,617 (ABS 2021 Census), with a median age of 43.
What schools are in Newstead?
There are 5 schools in or near Newstead, including Newstead Christian School, Scotch Oakburn College and Punchbowl Primary School.
How long do homes take to sell in Newstead?
Properties in Newstead take around 15 days to sell on average, with an auction clearance rate of about 0%.
How much do you need to buy in Newstead?
Entry-level properties in Newstead start around $453k, while premium homes reach $890k.
What suburbs are near Newstead?
Suburbs near Newstead include South Launceston, Punchbowl, Norwood, West Launceston and Kings Meadows.
Fresh to market
New this week in Newstead
Brand new home, secure gated entry, quality finishes, easy walk to Scotch Oakburn and CBD
Classic Character Ready for Its Next Chapter
Neat as a Pin in Newstead!
Available now