Newstead property a top tip for 2017 in northern Tasmania: HTW

Newstead property a top tip for 2017 in northern Tasmania: HTW
Newstead property a top tip for 2017 in northern Tasmania: HTW

Launceston’s established residential suburb of Newstead is worth keeping an eye on this year, according to HTW’s February 2017 update.

It is located approximately three and a half kilometres from Launceston’s centre and the valuation firm says it is popular with families due to its proximity to the city and its facilities.

The median sale price based on recent sales in this suburb was $325,000.

“For a touch above the median price at $340,000, you could expect to purchase an older style, 140 square metre house on just under 600 square metres of land,” the report says.

The Devonport region is the largest population centre in Tasmania’s north-west and is located approximately 100 kilometres north-west of Launceston.

“The median price of recent sales was $227,000, for which you could expect to buy an older style, 150 square metre house in Devonport on a block just under 800 square metres,” says HTW.

A two bedroom house at 20 Olive Street, Newstead (above) has been listed for between $299,000 to $329,000.

Similarly a three bedroom house at 3 Wentworth Street, Newstead (below) has been listed for over $349,000.

Newstead property a top tip for 2017 in northern Tasmania: HTW

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