Get a property report and suburb profile for any property in Newstead

Newstead is an inner-city riverside suburb between Fortitude Valley and Teneriffe, centred on the green sweep of Newstead Park and the heritage Newstead House along the river. Housing mixes contemporary apartment towers and repurposed industrial buildings, with many residences taking advantage of river views and the riverwalk. The Gasworks precinct provides a cluster of eateries, bars and retail, while nearby Fortitude Valley adds nightlife and boutique shopping. Buses serve the area, the Valley's train station is close by, and the Teneriffe ferry and wider riverwalk network give additional river access.

About 7,500 people live in Newstead; the median age is 33 and the typical household income is $2,325 a week. Families are dominated by couple families without children and most homes are rented (71.3%). The suburb appeals to professionals and downsizers after a compact riverside urban lifestyle with parkland and city amenities close at hand. Ongoing waterfront precinct and public-realm work, plus a build-to-rent project under the Queensland Government pilot, are adding new rental options and public spaces. Whether this suits you depends on the lifestyle you want.

On the figures for Newstead, weekly rents take a sizeable share of a typical local household's income at the last Census. A house rent of $790 a week is about 34.0% of a $2,325 weekly household income, while a unit rent of $850 a week is about 36.6%. Looking at buying, the median unit price of $1,000,000 equals roughly 8.3 times a typical local annual household income at the last Census, which places buying a unit in the high multiple range against what people locally earned. Whether that feels expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

For units in Newstead, unit values rose a strong 22.5% over the past 12 months, and unit rents also climbed strongly, up 13.3%. That means capital growth on units outpaced rental income growth this year; the value change is the larger movement, while the rent change is the figure to watch if rental income is your priority. Whether that mix suits your investment goals and circumstances is for you to decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.