Newstead
Suburb profile, market snapshot and recent listings for Newstead, QLD 4006.
About Newstead
Welcome to Newstead
Newstead sits on the northern bank of the Brisbane River, about three kilometres from the CBD, wedged between Bowen Hills, Fortitude Valley, Teneriffe and New Farm. Once a working precinct of wharves, rail yards and warehouses, it has been rebuilt over the past two decades into one of Brisbane's most polished riverside apartment communities, anchored by the Gasworks and Newstead precincts.
With a population of just under 7,500 and a median age of 33, it's a suburb geared heavily towards professionals and downsizers who want inner-city convenience without the density of the Valley next door. Housing here means apartments almost exclusively, and the lifestyle is built around the river, good coffee and easy access to the city.
Lifestyle & dining
Newstead's social hub is the Gasworks precinct, a former industrial gasworks site converted into a dining and retail strip with restaurants, bars and a Sunday farmers' market feel on weekends. James Street, technically over the border in Fortitude Valley but walkable from most of Newstead, adds boutique fashion, cafes and some of Brisbane's better-regarded restaurants to the mix.
The riverside setting means residents are rarely far from a waterfront walk or bike path, and the short hop into Teneriffe and New Farm opens up further options, from the Teneriffe wool store conversions to the cafes and Powerhouse precinct along New Farm's river frontage.
Getting around
Newstead is well served by bus routes running along Commercial Road and Breakfast Creek Road into the CBD, with the trip into the city centre typically taking well under fifteen minutes. CityCat ferry terminals at nearby Teneriffe and New Farm Park give residents a scenic alternative for commuting or heading into South Bank and the CBD.
Fortitude Valley train station, on the Valley's edge, is a short drive or bus ride away and connects into Brisbane's broader rail network, while Bowen Hills station offers another nearby option. The suburb's inner-city position also means many residents find they can walk or cycle to work in the CBD or Fortitude Valley.
Housing & architecture
Every current listing in Newstead is an apartment or unit, reflecting how thoroughly the suburb's industrial land has been redeveloped for medium and high-density living. Building styles range from converted heritage warehouses with exposed brick and timber beams to newer glass-and-steel towers along the river, many with views towards the CBD skyline or across to Bulimba on the opposite bank.
This apartment-only profile suits the suburb's buyer base of professionals, couples and downsizers rather than families seeking a backyard, and it has shaped Newstead's identity as one of Brisbane's more architecturally distinctive inner-city precincts.
The property market
The median unit price in Newstead currently sits at $1.11 million, placing it firmly in the premium bracket for Brisbane apartment living, a reflection of its riverside location, quality building stock and proximity to the CBD. With no houses currently listed, the market here is entirely about apartments, meaning buyers are typically comparing floorplans, aspect and building amenity rather than land size.
Demand is underpinned by the suburb's popularity with professionals working in the CBD and Fortitude Valley, as well as owner-occupiers drawn from neighbouring New Farm and Teneriffe who want similar lifestyle credentials at a different price point or apartment style.
Parks & recreation
Newstead Park, on the river's edge, is the suburb's green anchor, offering river views, walking paths and a peaceful contrast to the density of the surrounding apartment towers. The riverwalk network extends towards Teneriffe and New Farm Park, giving residents a continuous stretch of walking and cycling paths along the water.
For more active pursuits, the proximity to Breakfast Creek and the river means kayaking and rowing are popular, while gym and lifestyle facilities are increasingly built into the newer apartment developments themselves.
Market snapshot
Newstead property market
Median sale price
$1.11m
Unit · 2 bed
Median rent
$870
per week
Gross rental yield
4.1%
annual rent ÷ sale price
Typical price range
Entry
$717k
Median
$1.11m
Premium
$1.99m
Days on market
18
Auction clearance
62%
Sold this year
208
Median sold price trend · Unit 2 bed
Compound growth +14.3% / yr over 4 yrs
Median price by bedrooms · Unit
Who lives here
Demographics
ABS Census 2021 figures for Newstead, QLD 4006.
Population
7,496
residents (2021)
Median age
33
years
Household income
$2,325
median, per week
Median rent
$490
per week
Median mortgage
$2,000
per month
Mortgage / income
20%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Recent results
Recently sold in Newstead
$729k
916/50 Longland Street
Sold ~July 2026
$785k
10603/88 Doggett Street
Sold ~July 2026
$725k
504/19 Masters Street
Sold ~July 2026
$1.01m
507/30 Festival Place
Sold ~July 2026
$1.35m
1809/20 Festival Place
Sold ~July 2026
$800k
904/7 Chester Street
Sold ~July 2026
$985k
507/16 Masters Street
Sold ~July 2026
$3.70m
318/1 Ella Street
Sold ~June 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Newstead
Compare the area
Price map around Newstead
Every listing for sale near Newstead, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Common questions
Newstead suburb FAQ
What is the median property price in Newstead?
The median unit price in Newstead, QLD is $1.11m for a 2-bedroom home. Over the past year, median sold prices have risen about 30.6%.
How much is rent in Newstead?
The median weekly rent in Newstead is around $870 per week.
Is Newstead a good place to live?
Newstead is an inner northern riverside suburb of Brisbane, Queensland, Australia. Newstead is an established residential suburb in QLD, with a population of around 7,496.
What is the population of Newstead?
Newstead has a population of 7,496 (ABS 2021 Census), with a median age of 33.
How long do homes take to sell in Newstead?
Properties in Newstead take around 18 days to sell on average, with an auction clearance rate of about 62%.
How much do you need to buy in Newstead?
Entry-level properties in Newstead start around $717k, while premium homes reach $1.99m.
What suburbs are near Newstead?
Suburbs near Newstead include Bowen Hills, Fortitude Valley, Teneriffe, New Farm and Bulimba.
Fresh to market
New this week in Newstead
Elevated Views from 19th Floor - Morden 1 Bedroom Unit + Study
Morden 2 Bedroom Unit with Amazing River & Park Views
Relaxing River Views and Lifestyle Living
Idyllic lifestyle retreat at exclusive 'Alouette Residences'
Available now