Quality Property Development Brisbane Australia

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.

Once known for its light commercial activity in the Teneriffe precinct, Newstead has developed a trendy, café lifestyle character with the sale and redesign of the old Woolsheds into upmarket studio apartments and the older homes in the area being renovated to their former glory.

In keeping up with the demand for housing in the area Newstead's community facilities have developed accordingly and now include cafes, restaurants, the recently renovated Palace Cinemas and small retail complexes. Also close by is the Powerhouse Arts Complex in New Farm. The historic New Farm powerhouse, only recently converted into a community complex incorporating theatres and art spaces, has become a centrepiece of the trendy inner city suburb.

Newstead has excellent public transport facilities including the CityCat ferry service at the end of Commercial Road and two other terminals, in neighbouring New Farm. This ferry service, introduced by the Brisbane City Council in late 1996, has proved enormously beneficial for local residents.

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.

Appealing to the young singles and couples, Newstead has experienced enormous price growth over the last five years. The popularity of the suburb and its large rental population has also encouraged property investors to buy into the suburb.