18 Olive StreetNewstead TAS 7250
Property Details for 18 Olive St, Newstead
18 Olive St, Newstead is a 6 bedroom, 3 bathroom BlockOfUnits with 3 parking spaces. The property has a land size of 916m2. While the property is not currently for sale or for rent, it was last sold in May 2026. There are other 6 bedroom BlockOfUnits sold in Newstead in the last 12 months.
Last Listing description (May 2026)
Positioned in one of Newstead's most sought-after streets, this is a genuine scale investment - three well-configured townhouses on a single 916sqm title, delivering immediate income with long-term upside.
Each of the three two-storey residences offers a consistent and proven layout, featuring two bedrooms upstairs, 1.5 bathrooms, dedicated carport parking, and private courtyards. Designed for functionality and tenant appeal, the configuration supports strong, stable occupancy across all dwellings.
What sets this asset apart is its simplicity and efficiency. With no strata in place, the property is held on one title - meaning a single set of council rates and land tax, streamlined management, and full control over the asset both now and into the future.
From an investment perspective, this is the type of holding that works on multiple levels:
• Immediate return from three established income streams
• Operational simplicity with one title ownership
• Future value-add potential through cosmetic uplift, rental optimisation, or exploration of strata subdivision (STCA)
• Landholding strength with a substantial 916sqm footprint in a tightly held blue-chip suburb
The location only strengthens the case.
Set within walking distance to the Newstead Shopping Centre (Coles), local cafés, services, and everyday essentials, the property sits in a highly liveable, tenant-favoured pocket. It is surrounded by some of Launceston's leading schools, including Scotch Oakburn College, and is just minutes from the Launceston CBD, making it equally appealing to long-term tenants and future owner-occupiers.
Access to public transport, medical facilities, and lifestyle destinations it further reinforces the strength of this position.
For investors, this is a rare combination - scale, location, and flexibility - in a market where assets of this nature are increasingly hard to secure.
Property History for 18 Olive St, Newstead, TAS 7250
- 01 May 2026Sold for $1,200,000
- 30 Mar 2026Listed for Sale Sold For $1,200,000.00
- 21 Sep 2023Listed for Rent $320 / week
Recent sales nearby
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0About Newstead 7250
The size of Newstead is approximately 3.9 square kilometres. There are 8 parks, covering nearly 15.1% of the 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 2,761 properties. Over the last 5 years, Houses in Newstead have seen a 41.72% increase in median value, while Units have seen a 37.69% increase. As at 31 May 2026:
- The median value for Houses in Newstead is $795,372 while the median value for Units is $494,024.
- Houses have a median rent of $585 while Units have a median rent of $465.
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