37 Newstead Cres, Newstead is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 1969. The property has a land size of 842m2 and floor size of 145m2. While the property is not currently for sale or for rent, it was last sold in April 2012.
Opportunities like this dont come along very often. This property has so many possibilities for the astute purchaser. Use it in its current setup as a 2/3 bedroom apartment upstairs and 2 x 1 bedroom apartments downstairs showing a great rental return history. Rent them all out or live upstairs and rent downstairs to help pay the mortgage or maybe the parents upstairs and the Y generation downstairs. If you want a lovely home in a dress circle location then convert it back into one residence. All of this is set in magnificent park like gardens and heres the clincher, you can also buy the block next door to extend your garden or build something else to your liking. That stick is going to get blunt real quick.
Please call Peter McGillvery on 0418 134 110
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 2,759 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:
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