Suburb Profile

Newstead Buyers Agent’s Guide

Are you looking to purchase a home or investment property in Newstead? As a Newstead Buyers’ Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Newstead property purchase!

Newstead Suburb Profile

Newstead is an inner-city, riverside suburb located 3km northeast of the Brisbane CBD. The suburb is best known for its lively cafe and restaurant precinct, and historic riverside apartment complexes. Newstead is bordered by the suburbs of Teneriffe, Bowen Hills, and Fortitude Valley.

The population of Newstead in 2016 was around 2,193 and continues to grow. 49% of households in Newstead are owner occupied and consistent predominantly of professional couples without children.

Newstead’s main shopping and cafe precinct is located on Skyring Terrace, adjacent to the heritage-listed Gasworks site.

Several convenient bus services connect Newstead with the Brisbane CBD via Ann St. Ferry services are also available from nearby Teneriffe.

Newstead Park, located in the north of the suburb and home to historic Newstead House, is a popular spot for weekend picnics.

Bicycle paths and walkways follow the Brisbane River and are used by many local residents for exercise and commuting to the city and Hamilton.

Most residents commute to the Brisbane CBD or Fortitude Valley for work.

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Newstead Properties

Riverside properties are the most desirable (and most expensive) parts of Newstead.

Traffic noise can be an issue for properties close to major thoroughfares including Breakfast Creek Rd, and Ann St. Buyers should check the Brisbane City Council Flood Maps as many areas are susceptible to flooding.

Housing type and typical block size

The vast majority (>99%) of properties in Newstead are apartments.

What can my money buy in Newstead?

Newstead House Prices

The median house price in Newstead is $1,400,000 which is well above Brisbane’s median.

Buying a house in Newstead

Newstead Unit Prices

The median unit price in Newstead is: $780,000.

This amount would typically buy a 2 bedroom, 2bathroom unit in a newer, high-rise complex. For example: 1206/30 Festival Place Newsteadsold for $795,000 in February 2020 (click to view listing and see images below).

How has the Newstead property market been performing?

In the last 5 years the median price of units has increased by 14.8%. On average, over the last 10 years, unit prices have increased by 1.8% per annum.

Supply and demand characteristics for Newstead

  • Average Days on Market: Units: 115 days.
  • On average units typically sell 7% below their list price.
  • The average rental yield for units is 4.27%.
  • There is a balanced supply of units currently listed for sale (2.51%).
  • The rental vacancy rate for units is 3.54%.

**Statistics are accurate for June 2019

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