The pockets that matter
Newstead is the most new-build suburb we manage, and that shapes everything. The apartment corridor around Longland and Skyring Terrace sets the market, where the competition is not other suburbs but the identical apartment three floors up. Buildings closest to Gasworks and the Waterfront Park edge lease fastest. Newstead also carries the highest flood exposure of any suburb on our books - close to half the suburb sat inside the 2022 extent - which is concentrated on the flat riverside land rather than the rise toward Breakfast Creek Road. That is not a reason to avoid the suburb, but it is a reason to price ground-floor and basement-level stock realistically.