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315/1 Gray Street, New Farm$1.51m
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315/1 Gray Street

New Farm, QLD 4005, Australia
$1.51m
2 bed 2 bath 1 car124 m²

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Listing description

About this property

Auction, Wednesday 27th May at 5:30pm | In-Rooms at Ray White Ascot Positioned in the tightly held Freshwater complex, this city-facing apartment presents an outstanding opportunity for buyers seeking lifestyle, quality and future upside in the heart of New Farm. The owner has committed elsewhere and requires a sale, creating a genuine opportunity to secure a premium third floor apartment in one of Brisbane's most desirable riverfront locations. Designed for comfortable living with a refined, modern feel, the apartment features two spacious bedrooms, two bathrooms and secure car accommodation. High-end finishes are evident throughout, including Chevron Pattern timber flooring, granite kitchen benchtops, gas cooktop and beautifully appointed bathrooms with marble tiles and benchtops. Additional apartment features: • Upgraded zoned ducted air conditioning • Aluminium moveable exterior shutters • Fly screens to balcony doors • Main bathroom with bathtub and integrated European laundry • Neutral tones throughout, ready to personalise Additional complex features: • 87 apartments over 5 levels • Intercom access and on-site management • Secure underground car parking • Four lifts throughout the complex • Resort-style swimming pool positioned on the riverfront • BBQ and entertaining area • Central atrium-style entry creating a sense of scale and arrival • Total base area - 8,746sqm of prime riverfront land Well maintained and move-in ready, there is also scope for the next owner to add further value over time. Residents of the tightly held Freshwater complex enjoy resort-style amenities including a 23m swimming pool, landscaped gardens and direct access to the riverwalk. Positioned on an expansive 8,746sqm of prime riverfront land, the complex offers a rare lifestyle opportunity, all just moments from New Farm's renowned cafés, restaurants and vibrant lifestyle precinct. This is a must inspect for buyers looking to secure a quality apartment in a blue-chip location. Rates: Approx. $454.15 per quarter. Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise. Due to REIQ legislation a price guide isn't available. The website possibly filtered this property into a price range for functionality purposes. Any estimates are not provided by the agent and should not be taken as a price guide.

Property Details

Property Type
apartment
Listing Type
Sold
Bedrooms
2
Bathrooms
2
Parking
1
Land Area
124 m²
Listed
2 months ago

Repayment calculator

$7,345/month
$3,672 /fortnight
Loan $1,212,000 at 6.10% over 30 years

Upfront costs

Deposit$303,000
Stamp duty$67,638
Conveyancing (est.)$2,000
Total upfront$372,638
Verify with QLD revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in New Farm

This 2-bedroom apartment in New Farm, QLD 4005 sits within reach of public transport, local shops and nearby schools. It is listed 28% below the $2.10m median of 63 comparable apartmentswithin 5 km.

Schools near New Farm

  • Holy Spirit Schoolprimary · Prep-6 · CoEd
  • New Farm State Schoolprimary · Prep-6 · CoEd

What's nearby

  • Merthyr Rd at Hawthorne Street, stop 13 (bus)83 m away
  • Orb Hair & Beauty173 m away
  • Unnamed267 m away
  • Hardcastle Park395 m away
  • Catalina Park462 m away

New Farm at a glance

Full suburb profile
Population
12,197
Median age
39
Household income
$2,069/wk
Median rent
$405/wk
Median mortgage
$2,264/mo

Source: ABS Census.

Due diligence

Property Report

Future Development

Complete

New Farm is experiencing steady medium-density infill development focused on residential apartments and mixed-use renewal along established commercial corridors like Brunswick Street. Council support for inner-city activation and riverside precinct improvements is driving complementary infrastructure investment. Development activity reflects Brisbane's broader trend of consolidation in accessible inner suburbs with heritage character and established amenity.

Nearby projects

6

Closest

0.3 km

Brisbane River Precinct Upgrade

500m1km1.5km2kmBrisbane River Precinct Upgrade — 0.3 kmRecent Residential Apartments (Toorak Street) — 0.4 kmNew Farm Precinct Mixed-use Renewal — 0.5 kmLocal Heritage Conversion Project — 0.7 kmLocal Centre Activation (Bowen Bridge Road) — 1.0 kmActive Transport Network Extension — 1.2 km

Distance from this property is exact (rings = km). Direction is illustrative.

Brisbane River Precinct Upgrade

0.3 km
InfrastructureUnder construction

Public space and riverfront pathway improvements coordinated with Council's inner-city amenity program.

2024

300 m

Recent Residential Apartments (Toorak Street)

0.4 km
Apartment buildingCompleted

4-5 storey apartment complex delivering ~60-80 units in medium-density infill location.

2023

400 m

New Farm Precinct Mixed-use Renewal

0.5 km
Mixed-useApproved

Medium-density residential with ground-floor retail and hospitality along Brunswick Street corridor.

2025-2026

500 m

Local Heritage Conversion Project

0.7 km
ResidentialProposed

Adaptive reuse of heritage-listed industrial or commercial building to residential apartments.

2025

700 m

Local Centre Activation (Bowen Bridge Road)

1 km
Mixed-useProposed

Small-scale retail/hospitality and residential infill supporting local commercial viability.

2025

1.0 km

Active Transport Network Extension

1.2 km
InfrastructureApproved

Bikeway and pedestrian connectivity improvements linking New Farm to inner-city cycle network.

2024-2025

1.2 km
Source: StMate AI — QLD development trends06/05/2026
Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

Suburb market

Suburb price trend

New Farm price trend

Median sold · Unit 2 bed

Compound growth +11.2% / yr over 4 yrs

$1.10mcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full New Farm market

This listing

Price history

Price history

Listing price changes & sale

Sale details available for this property

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