Newstead is a very small town just before the traveler reaches Castlemaine. Newstead is a strip township that has some nice features and is worth stopping at.
Newstead has many festivals and folk events and is in the centre of the golden triangle, close to many tourist attractions and events.
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Each year Newstead holds a folk music festival with artists coming from all around Australia and some from overseas. As well as 'Chopped' magazine holding their annual, Chopped Rod & Custom show, which brings traditional style rods and custom cars from all over Australia into the town for a weekend.
The Loddon River that flows through the town has caused a levee bank to be built in 1912 which has stopped the town from flooding several times.