Federal Budget 2026: what it means for you in the property market

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The trends, features 
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luxury in 2026

Located at 7 Beach Road, Sandy Bay, the landmark Federation-era estate known as “Newland” is being offered for sale via a joint campaign by Brad Stephens of Ray White Hobart, alongside Claude Alcorso and Mia Lilley of RWC Tasmania.

Positioned within an exclusive foreshore enclave of Nutgrove Beach, the substantial property combines rich architectural history, remarkable scale, and extraordinary future potential for both residential and commercial buyers.

Constructed circa 1910 for prominent local jam manufacturer Fred Peacock, "Newland" is recognized as an important part of a small collection of significant residences reflecting the early suburban expansion of Sandy Bay.

The property boasts a commanding street presence and is rich in period detail, displaying defining characteristics of Federation architecture, including rendered brick construction, grand bay windows, ornate timber detailing, exquisite stained glass, classic dormer windows, and an expansive verandah.

Mr Stephens said the current owner had bought the property in 2009 through an off-market sale, but this was the first time the property had been on the market since 1997.

“While it has functioned successfully as a medical and allied health facility over the past few decades complete with a DA-approved lift and dedicated on-site parking, the property’s grand internal proportions offer an exceptional foundation for a variety of future uses,” Mr Stephens said.

“A unique and highly valuable feature of the sale is an existing commercial lease with an onsite pizza restaurant.”

Set only metres from Nutgrove Beach and the walking tracks lining the River Derwent, Mr Stephens said properties of this scale, history, and foreshore position were incredibly rare.

“To have a landmark estate like 'Newland' come to market right opposite Nutgrove Beach is a once-in-a-generation event for Sandy Bay,” he said.

“Because it features an existing DA-approved lift and parking, it is a turnkey, capital-efficient solution for a medical or allied health occupier.

“However, given the utter scarcity of homes in this premium position, it would equally reward a buyer with the vision to restore 'Newland' back into a stately, world-class family residence.

“The flexibility here, backed by immediate commercial holding income, makes it an unmissable opportunity.”

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