Newstead · Statistical Area 2 (SA2)

Economy & Advantage in Newstead

How well-off the area is, how fast its population is growing, and the businesses and new homes here.

A population drop of 1.6% since 2021 marks Newstead as one of the slowest-growing areas in the region. While the typical resident has an advantage score of 995, which is about the national average, the area struggles with a shrinking population compared to the rest of Tasmania.

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📍 Newstead, Statistical Area 2 (SA2)

Where Newstead sits — Socio-economic advantage (IRSAD decile)

5
1 2 3 4 5 6 7 8 9 10

All statistical area 2 (sa2) areas, 2021. The marker is Newstead — lower than 57% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
Newstead5
7250, TAS 5

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

People here have strong job skills and education, scoring a 7 out of 10, which is higher than about 70% of similar areas. However, access to money and resources is lower, with a score of 4 that is smaller than 60% of comparable places.

5

Lower than 57% of statistical area 2 (sa2) areas.

ABS Index of Relative Socio-economic Advantage and Disadvantage, 2021, as a national decile: 1 = among the 10% most disadvantaged areas in Australia, 10 = among the 10% most advantaged. IRSAD summarises both advantage and disadvantage, so a high score reflects relatively many high-income, well-educated households and few low-income, low-skill ones.

5

Lower than 57% of statistical area 2 (sa2) areas.

ABS Index of Relative Socio-economic Disadvantage, 2021, as a national decile: 1 = among the 10% most disadvantaged areas in Australia, 10 = among the least disadvantaged. IRSD focuses on disadvantage alone (low income, low education, unemployment, unskilled occupations), so a higher decile means relatively less disadvantage.

4

Lower than 64% of statistical area 2 (sa2) areas.

ABS Index of Economic Resources, 2021, as a national decile: 1 = among the 10% lowest areas for economic resources in Australia, 10 = among the highest. IER reflects the income, housing costs, dwelling size and assets of households, so a higher decile means relatively greater economic resources.

7

Higher than 64% of statistical area 2 (sa2) areas.

ABS Index of Education and Occupation, 2021, as a national decile: 1 = among the 10% lowest areas for education and occupation in Australia, 10 = among the highest. IEO reflects residents' qualifications and the skill level of their jobs, so a higher decile means a more highly educated and skilled workforce.

995

Lower than 51% of statistical area 2 (sa2) areas.

ABS Index of Relative Socio-economic Advantage and Disadvantage, 2021, as a raw index score (standardised so the Australian average is about 1000). Higher scores indicate relatively greater advantage; lower scores greater disadvantage.

Population growth

Annual population estimates and change since the census.

Growth in Newstead has fallen by 1.6% since 2021, a trend that is well below the Tasmania average of 1.6%. This makes the area's recent population change among the lowest for its kind.

Business & building

Operating businesses and dwellings approved.

There are 407 businesses operating in the area, which is a smaller count than about 81% of similar locations.

407

Lower than 81% of statistical area 2 (sa2) areas.

Operating businesses (ABS Counts of Australian Businesses), June 2025.

Sources

  • Socio-Economic Indexes for Areas (SEIFA) — Australian Bureau of Statistics, 2021 (CC BY 4.0).
  • Regional Population (Estimated Resident Population) — Australian Bureau of Statistics, 2024 (CC BY 4.0).
  • Counts of Australian Businesses & Building Approvals — Australian Bureau of Statistics, 2025 (CC BY 4.0).

More for Newstead

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in Newstead [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/602011042/newstead/topic/economy-advantage