1/9 Olive Street, Newstead, TAS 7250 | Property Value & History | OnTheHouse
 
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1/9 Olive Street
Newstead TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 90m2
Land area: 318m2
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Last updated 9 Mar 2026
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Property Details for 1/9 Olive St, Newstead

1/9 Olive St, Newstead is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1999. The property has a land size of 318m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in February 2021.

Building Type
Unit
Year Built
1999
Floor Size
90m2
Land Size
318m2
Local Government
Launceston
Lot/Plan
1/133193

Last Listing description (March 2021)

Offers over $469,000
1/9 Olive St Newstead Is a generously proportioned two-bedroom, one-bathroom unit with only one other unit on the allotment. The home offers the purchaser a great sense of privacy, complimenting a low maintenance lifestyle. This unit is positioned on one easily accessible level. Upon entry large windows surround the main living area overlooking the front garden where the atmosphere embodies being in a house rather than unit. Sliding door takes you to a quaint courtyard. The kitchen is very well appointed with lots of bench space.

Both bedrooms have built-in robes and are generous in size. Central bathroom with both shower and bath & separate WC. The home is heated by reverse cycle system. The unit benefits from internal access direct from the remote-control garage.

This unit is set in a highly sought after, peaceful and private enclave of Newstead, and is ideal for the downsizer, first home buyer or investor.

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Property History for 1/9 Olive St, Newstead, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$487,000
26 Feb 2021
  • 26 Feb 2021
    Sold for $487,000
  • 04 Feb 2021
    Listed for Sale Offers Over $469,000
  • 24 May 2002
    Sold for $135,000
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About Newstead 7250

The size of Newstead is approximately 3.9 square kilometres. It has 8 parks covering nearly 15.1% of total area. The population of Newstead in 2016 was 5366 people. By 2021 the population was 5617 showing a population growth of 4.7% in the area during that time. The predominant age group in Newstead is 10-19 years. Households in Newstead are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Newstead work in a professional occupation.In 2021, 66.20% of the homes in Newstead were owner-occupied compared with 64.40% in 2016.

Newstead has 2,758 properties. Over the last 5 years, Houses in Newstead have seen a 52.43% increase in median value, while Units have seen a 52.17% increase. As at 28 February 2026:

  • The median value for Houses in Newstead is $762,837 while the median value for Units is $463,633.
  • Houses have a median rent of $550 while Units have a median rent of $465.
There are currently 9 properties listed for sale, and 4 properties listed for rent in Newstead on OnTheHouse. According to Cotality's data, 145 properties were sold in the past 12 months in Newstead.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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