Located in Queensland within the Brisbane local government area, Newstead is a mid-sized suburb (postcode 4006). With a population of 7,496, the suburb has a blend of families and working-age professionals with a median age of 33. Households earn a median income of $121K per year, with an average household size of 1.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Newstead is $4.3 million, having risen steeply by 44.1% over the past year. Units have a median price of $588,000 (+6.9% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $2,000.
Public transport access includes 9 bus stops. The crime rate in the Brisbane LGA is moderate at 6,340 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 1.0%, which reads as low yield. Property prices are above the state median ($4.3M/$1.1M), placing it in the premium segment. The price-to-income ratio of 35.8x is considered stretched. House prices have moved +44.1% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.