Newstead

POSTAL CODE: QLD, 4006
UNIT

NEWSTEAD, 4006 ranks 141st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 28.38% for property investors last year.

Based on its average 5-year and quarterly capital gains NEWSTEAD, 4006 saw average growth in the long term.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in NEWSTEAD, 4006 averaged 18.58% per annum over a 3-year period.

Average weekly rents on listings have reached the $800 mark, reflecting a 4.38% increase in returns based on the current median price in NEWSTEAD.

An average of 26.83 real estate transactions take place per month in NEWSTEAD which translates to 322 per annum.

322 properties were sold in NEWSTEAD during the past year, making it the 168th most active market in QLD based on total real estate transactions.

NEWSTEAD, 4006 places 178th in Australia based on median property value growth during the quarter.

Surburb overview

Newstead, Queensland 4006, is a vibrant and sought-after inner-city suburb located approximately 3 kilometres northeast of Brisbane’s central business district (CBD). The area has seen significant growth and transformation, evolving from its industrial roots into a trendy residential and commercial hub. As of the 2016 census, Newstead's population was 2,204, reflecting a 163.6% increase since 2011. The predominant age group is 20-29 years, and many residents are professionals, contributing to the suburb's dynamic urban atmosphere.

The real estate market in Newstead primarily consists of modern apartments and classic Queenslander homes. With a median rent of $770 per week for houses and $750 per week for units, the suburb boasts rental solid yields of 6.75% for houses and 5.32% for units. This makes Newstead a competitive option for investors. The property market has shown steady growth, with an increased demand for luxury apartments and new developments elevating the suburb’s status as a desirable residential area.

Newstead offers a variety of amenities, including boutique shopping, gourmet restaurants, and green spaces like Newstead River Park. The suburb is also home to the bustling Gasworks precinct, known for its dining and entertainment options. Public transport is well-connected, with bus routes and CityCat ferries providing easy access to Brisbane’s CBD and surrounding suburbs.

Newstead's demographic profile is diverse, attracting a mix of young professionals, families, and singles. As of 2016, the median household income in Newstead was $2,237 per week, with many residents reporting incomes between $130,000 and $182,000 annually.

 

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