Like its neighbouring suburbs of New Farm and Fortitude Valley, Newstead has undergone huge transformations over the last decade; it’s now one of Brisbane’s most expensive suburbs. Located only 2km from Brisbane CBD, 8km from Brisbane Airport a suburb surrounded by Brisbane River.
Once known for its light commercial activity in the Teneriffe precinct, Newstead has developed a trendy, café lifestyle character. In keeping up with the demand for housing in the area Newstead’s community facilities have developed accordingly and now includes cafes, restaurants, the recently renovated Palace Cinemas and small retail complexes. Also close by is the Powerhouse Arts Complex in New Farm.
Newstead has excellent public transport facilities including the City Cat ferry service at the end of Commercial Road and two other terminals, in neighbouring New Farm. As well as the newly introduced City Glider which provides a bus every 10 mins between Newstead, The Cultural Centre, West End and Central City.
Residents are close to other recreational areas including New Farm Park, which is a popular Sunday afternoon destination for many inner Brisbane residents and the Perry Park sports ground in Bowen Hills.
Newstead is also housing Brisbane’s most exciting inner city mixed use development site “gas works – Newstead River Park” which is a 17.4 hectare site, comprising of residential commercial, retail, man-made lake and parkland.