7/167a Punchbowl Rd, Newstead is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1981. The property has a land size of 162m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 2 bedroom Unit sold in Newstead in the last 12 months.
Nestled in the heart of Newstead, this two-bedroom unit is ideal for first home buyers, investors, or downsizers, offering excellent proximity to local amenity and the CBD. Both bedrooms feature built-in robes, ensuring practical storage, while the functional layout includes a combined bathroom and laundry designed for easy day-to-day living. The open-plan living and kitchen area is filled with natural light and opens directly to a private external courtyard, creating easy connection between indoor and outdoor spaces. A garage with secure internal access provides an additional layer of convenience. The property is expected to return around $420 per week in rent, making it an attractive option for investors - though first home buyers and downsizers will appreciate the convenience of this location. Newstead itself is a highly sought-after suburb, renowned for its tree-lined streets, local cafs, excellent schools, and beautiful parks. Everything you need is within walking distance, giving you the freedom of a low-maintenance lifestyle without compromising on amenities. Whether you are looking for your first step into the market, a smart investment with strong rental appeal, or a property that allows you to downsize without losing comfort and practicality, this property represents a great opportunity in one of Launceston's most tightly held neighbourhoods. Disclaimer: We have, in preparing this information, used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
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 2,765 properties. Over the last 5 years, Houses in Newstead have seen a 33.56% increase in median value, while Units have seen a 42.24% increase. As at 31 July 2026:
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