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Newstead is a highly sought-after suburb with strong investment potential. Over the past 12 months, the median house price has increased by 9.68%, indicating a robust housing market. The average annual growth rate for houses is an impressive 7.94%. Units in Newstead have also performed well, with an annual growth rate of 5.74%. The suburb's proximity to Brisbane's CBD and the attractive lifestyle it offers contribute to its investment appeal​​​​.

Newstead is considered an upscale suburb, with a median house price of $1,200,000 and a median unit price of $642,500. Rental yields for houses are around 3.04%, while units offer higher yields at 5.00%. While the cost of living is higher compared to some suburbs, it reflects the premium lifestyle and amenities available in Newstead​​.

Newstead is known for its vibrant and trendy atmosphere. It offers a mix of luxury apartments, fine dining, and waterfront living along the Brisbane River. The suburb is popular among professionals and young couples who enjoy the proximity to the CBD, trendy cafes, and cultural attractions. Newstead also boasts beautiful parks and recreational areas, such as the New Farm Park, making it an appealing place for those who appreciate an urban lifestyle with access to green spaces. However, it's worth noting that the nightlife in Newstead can be lively, which may not be suitable for those seeking a quiet environment​​​​.