Newstead, a lively suburb located just north of Brisbane's CBD, boasts a vibrant atmosphere with stunning river views and a thriving community. Known for its stunning apartments, modern townhouses, and emerging café culture, Newstead attracts young professionals, families, and investors alike. This article highlights the best residential areas in Newstead, providing insights into their unique characteristics, available housing options, and average prices.
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Newstead Riverfront
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The Newstead Riverfront area is renowned for its breathtaking views over the Brisbane River and luxurious riverside developments. This area is ideal for those seeking a cosmopolitan lifestyle with easy access to parks and recreational activities.
Characteristics of the Newstead Riverfront
* Culture: Vibrant arts scene and trendy cafés
* Transportation: Excellent public transport options including buses and ferries
* Services: Proximity to shopping centres, restaurants, and health services
* Environment: Relaxed yet bustling atmosphere
Housing Options in the Newstead Riverfront
Luxury apartments, Townhouses
Average Home Prices in the Newstead Riverfront
* Buying: $600,000 – $1,200,000
* Renting: $2,500 – $4,000/month
Commercial Road
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Situated along Commercial Road, this area is perfect for those who appreciate a modern urban vibe. The neighbourhood is filled with boutique shops, dining options, and is a hub for creative businesses.
Characteristics of the Commercial Road
* Culture: Artistic community with many local events
* Transportation: Well-connected with bus routes and close to the Brisbane train station
* Services: Convenient access to supermarkets, boutique retailers, and cafés
* Environment: Dynamic and trendy
Housing Options in the Commercial Road
Loft apartments, Modern flats
Average Home Prices in the Commercial Road
* Buying: $500,000 – $900,000
* Renting: $2,200 – $3,500/month
Newstead Park
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Newstead Park offers a scenic and tranquil environment, perfect for families and those looking for a suburban feel while remaining close to the city. The lush green spaces and playgrounds provide an excellent setting for outdoor activities.
Characteristics of the Newstead Park
* Culture: Community-oriented with local events and family-friendly activities
* Transportation: Convenient public transport options and close to major roads
* Services: Local schools, parks, and shopping amenities nearby
* Environment: Peaceful and family-friendly
Housing Options in the Newstead Park
Family homes, Units
Average Home Prices in the Newstead Park
* Buying: $700,000 – $1,100,000
* Renting: $1,800 – $2,600/month
The Gasworks
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The Gasworks precinct has transformed into one of Newstead's most desirable locations, featuring trendy dining options, shops, and active nightlife. It's ideal for young professionals and socialites who enjoy a vibrant atmosphere.
Characteristics of the The Gasworks
* Culture: Exciting dining scene and nightlife
* Transportation: Easy access to public transport and major roads
* Services: Wide variety of restaurants, cafes, and retail stores
* Environment: Energetic and lively
Housing Options in the The Gasworks
Apartments, Townhouses
Average Home Prices in the The Gasworks
* Buying: $600,000 – $1,000,000
* Renting: $2,400 – $3,800/month
Wellington Street
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Wellington Street is notable for its blend of residential and commercial properties, providing a vibrant lifestyle for residents. This area is home to a number of cafes, boutiques, and creative spaces.
Characteristics of the Wellington Street
* Culture: Eclectic mix of shops and creative spaces
* Transportation: Good public transport access and bike lanes
* Services: Local grocers, coffee shops, and community initiatives
* Environment: Trendy and artistic
Housing Options in the Wellington Street
Units, Apartments
Average Home Prices in the Wellington Street
* Buying: $550,000 – $900,000
* Renting: $2,000 – $3,200/month
Skyring Terrace
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Skyring Terrace features modern residential developments and is perfect for those who enjoy contemporary living. The proximity to the river makes it great for outdoor activities and gatherings.
Characteristics of the Skyring Terrace
* Culture: Modern lifestyle with an active outdoor community
* Transportation: Well-connected with public transportation, bike paths, and easy access to the CBD
* Services: Proximity to parks, schools, and shops
* Environment: Modern and friendly
Housing Options in the Skyring Terrace
Stylish apartments, Townhouses
Average Home Prices in the Skyring Terrace
* Buying: $650,000 – $1,150,000
* Renting: $2,500 – $3,800/month
Frequently Asked Questions About the Best Residential Areas in Newstead:
The best residential areas in Newstead include Newstead Riverfront, Commercial Road, Newstead Park, The Gasworks, Wellington Street, and Skyring Terrace.
Newstead Park is known for its family-friendly atmosphere with parks, playgrounds, and local schools.
The average cost of living varies depending on the area, with property prices ranging from $500,000 to over $1 million for purchases and rental prices from $1,800 to $4,000/month.
Yes, Newstead has excellent public transport options, including buses, ferries, and nearby train stations, making it easy to commute to the CBD.
Newstead offers a variety of properties, including luxury apartments, townhouses, modern units, and family homes.
The Gasworks precinct is well known for its exciting dining scene and nightlife, making it a top choice for food lovers.
Newstead residents have access to a range of amenities, including parks, schools, grocery stores, healthcare services, and recreational facilities.
The housing market in Newstead is highly competitive, with a mix of luxury developments and more affordable options, making it appealing to a wide range of buyers and tenants.
Yes, Newstead has seen strong capital growth due to its proximity to the CBD, demand for housing, and ongoing infrastructure developments.
Newstead can be a good area for first-home buyers, especially in areas like Wellington Street which offer more affordable options compared to other parts of Brisbane.
Conclusion on the Best Residential Areas in Newstead:
Newstead is a captivating suburb that offers a blend of urban living, community vibrancy, and stunning views along the Brisbane River. Each residential area has its own unique charm, from the luxurious Newstead Riverfront to the lively Gasworks precinct and family-friendly Newstead Park. As the suburb continues to develop, opportunities for growth and investment are abundant. Whether you're a young professional, a family, or a first-time buyer, Newstead presents a diverse range of housing options and lifestyle choices that cater to various needs and preferences, making it an ideal place to call home.
About the Author
Published by:Eribert De Oliveira
Mechatronics Engineer and founder of Mi Inmueble Online, with a background in real estate. I combine technology and analysis to help you find the best areas to live.