Newstead at a glance
5,638
People
$743,750
Median sale
$548/wk
Median rent
3.83%
Suburb gross yield
Median sale from 58 recorded sales (last 12 months) — a Districts calculation.
$905,000
Last sold
11 Mar 2026
4
Bedrooms
2
Bathrooms
4
Car spaces
910 m²
Land
229 m²
Building
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$905,000
11 Mar 2026 · derived via latest_sale
Local land rate: recorded House sales in Newstead (last 5 years) with land size have a median of $1,026/m² of land (n=93). Districts calculation from recorded sales — not a valuation.
Newstead at a glance
5,638
People
$743,750
Median sale
$548/wk
Median rent
3.83%
Suburb gross yield
Median sale from 58 recorded sales (last 12 months) — a Districts calculation.
Vs Newstead
+21.7%
Median sale
Suburb $743,750
-0.68 pp
Gross yield
Suburb 3.83%
Suburb median $743,750 from 58 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
TASPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $548/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
Newstead at a glance
5,638
People
$743,750
Median sale
$548/wk
Median rent
3.83%
Suburb gross yield
Median sale from 58 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by The Agency Northern TasmaniaFrom the moment you arrive at 116 Abbott Street, it's clear this is more than just a home - it's a lifestyle investment in one of Launceston's most admired suburbs. Surrounded by leafy streets and beautiful established homes, this property offers the rare combination of generous proportions, contemporary comfort, and enduring value. Whether you're seeking a secure, high-performing investment or planning a future move to Tasmania's North, this Newstead address promises a lifestyle defined by space, convenience, and prestige.
Timeless Comfort, Generous Space & a Premier Newstead Address
Set in the heart of Newstead – one of Launceston's most tightly held and highly regarded suburbs – this substantial brick residence offers an exceptional combination of size, quality, and investment certainty.
Occupying an expansive 910m2 block in a leafy residential street, the home has been designed to capture abundant natural light and provide effortless everyday living. Its solid construction and thoughtful layout deliver enduring comfort for families while appealing equally to investors seeking a premium, low-maintenance holding in a blue-chip location.
Spacious Family Design
Spanning approximately 250m2, the home unfolds across two generous levels. The upper floor is dedicated to open-plan living, with a free-flowing kitchen, dining and lounge area enhanced by gleaming Tasmanian oak floors and brand-new plantation shutters. Large windows draw in sunlight throughout the day, creating a warm, welcoming environment perfect for entertaining or relaxing with family.
The kitchen is well-appointed with quality appliances and ample storage, connecting seamlessly to both indoor and outdoor spaces.
Accommodation includes four queen-sized bedrooms and two beautifully updated bathrooms offering northerly aspects with substantial built-ins together with a third large renovated room suitable as a bedroom or multi-purpose space. The master suite is a standout - recently refreshed to include a new ensuite and a stylishly fitted walk-in robe, creating a private retreat at the end of the day.
Downstairs, a spacious rumpus room offers versatility for use as a second living space, home office, or teenager's retreat. The large garage provides secure parking, additional storage, and internal access to the home.
Blue-Chip Location
Positioned within minutes of the Newstead Shopping Centre, Launceston CBD, and the city's leading private and public schools, this address perfectly balances convenience and lifestyle. Walk to nearby cafes and parks, or enjoy easy access to the Aquatic Centre, City Park, and the vibrant restaurant scene of East Launceston.
Investment & Future Potential
With its scale, flexibility, and outstanding location, 116 Abbott Street stands as a rare find - a family home of enduring quality and exceptional lifestyle appeal in one of Tasmania's most desirable neighbourhoods.
Contact Stu today
Listing description written by Stu Ferrall, The Agency Northern Tasmania — reproduced as published, not verified by Districts.
Nearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.