Suburb Profile
Are you looking to purchase a home or investment property in Newstead? Your Property Hound helps home buyers and investors identify suitable properties, assess value and negotiate with confidence. This Newstead suburb profile provides practical information to assist with your property search. Best wishes with your Newstead property purchase!
Newstead is an inner-northern riverside suburb approximately 3.6km north-east of the Brisbane CBD. Covering about 0.9 square kilometres, it is bordered by Breakfast Creek to the north and the Brisbane River to the east. Neighbouring suburbs include Bowen Hills, Albion, Hamilton, Bulimba, Teneriffe and Fortitude Valley.
Newstead has changed significantly from its industrial past. Former wharves, woolstores and industrial sites have progressively been redeveloped into high-density residential, office, retail and dining precincts. Today, the suburb is defined by modern apartment living, converted industrial buildings and major mixed-use precincts such as Gasworks.
Newstead had a population of 7,496 in 2021, up from 2,193 in 2016 – an increase of 241.8%. The largest age group is 20-29 years, followed closely by 30-39 year olds.
Childless couples account for 76% of households, while couples with children make up 13.8% and single-parent households 7.8%. Owner occupation fell from 37.6% in 2016 to 27.7% in 2021.
Newstead has a young, professional and relatively high-income population. Around 30.8% of residents are aged 20-29 and 29.3% are aged 30-39. Bachelor degree holders account for 43.4% of residents with recorded qualifications, while 26.1% of households earn more than $182,000.
Newstead has a strong concentration of cafes, restaurants, shops and everyday services. Gasworks Newstead is a major local retail and dining precinct, with a supermarket, restaurants, cafes, specialty shops and public spaces. Further dining and entertainment options are available in neighbouring Teneriffe, Fortitude Valley and New Farm.
Newstead is well connected to the Brisbane CBD and surrounding inner-city suburbs by bus, road and nearby ferry services. The Teneriffe ferry terminal provides CityCat and cross-river services, while Bowen Hills and Fortitude Valley railway stations are also accessible.
Major road connections include Breakfast Creek Road, Ann Street, Commercial Road and Skyring Terrace. Traffic and road noise can vary considerably between buildings, particularly for apartments fronting major transport corridors.
The area is home to a number of great private and public schools including All Hallows’ School, Brisbane Grammar School, St Margaret’s Anglican Girls School, Brisbane Girls Grammar, New Farm State School, and Ascot State School.
Newstead has three parks covering approximately 8.2% of the suburb. Newstead Park is the best-known, with riverside lawns and gardens surrounding historic Newstead House.
The Brisbane River and Breakfast Creek also contribute to the suburb’s recreational appeal, with walking and cycling connections linking Newstead to surrounding inner-city precincts.
Newstead contains a substantial mix of offices, retail, hospitality and professional services, with further employment opportunities in neighbouring Fortitude Valley, Bowen Hills and the Brisbane CBD.
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.
Newstead is overwhelmingly an apartment market. Cotality records approximately 5,179 units compared with only 49 houses. As a result, suburb-wide house statistics can be distorted by a very small number of properties and are not a reliable guide to the broader Newstead market.
The suburb includes a broad range of apartments, from smaller investor-oriented properties to larger owner-occupier apartments and premium riverfront residences. Detached houses are exceptionally scarce.
House values are not considered a reliable suburb-wide benchmark because Cotality records only 49 houses in Newstead.
This amount would typically buy a 2 bedroom, 2bathroom unit in a newer, high-rise complex. For example: 2904/21 Longland Street, Newstead sold for $1,185,000 on 2 July 2026.
Newstead’s unit market has recorded strong growth. The median unit value reached $1,109,314 in July 2026, up 23.9% from $895,282 in July 2025. In July 2017, the median unit value was $566,215.
Recent monthly figures show the median unit value rising from $939,860 in August 2025 to $1,109,314 in July 2026. Values reached $1,112,106 in June before easing slightly in July.
Whether you are looking for a first apartment, investment property or larger owner-occupier residence, an experienced Newstead buyers agent can help compare buildings, assess value, identify risks and negotiate effectively.
Units are taking around 38 days to sell, with stock on market at approximately 2.53%. The average vendor discount is around 2%, gross rental yield is 4.30% and the reported vacancy rate is 1.26%. Around 72% of units are occupied by renters.
**Statistics are accurate for July 2026
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