5/598 Lower Bowen Terrace, New Farm, QLD 4005 | Property Value & History | OnTheHouse
OFF MARKET

5/598 Lower Bowen Terrace
New Farm QLD 4005

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 63m2
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Last updated 10 Aug 2026
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Property Details for 5/598 Lower Bowen Tce, New Farm

5/598 Lower Bowen Tce, New Farm is a 1 bedroom, 1 bathroom Unit. The property has a land size of 63m2. While the property is not currently for sale or for rent, it was last sold in September 2021.

Building Type
Unit
Land Size
63m2
Local Government
Brisbane
Lot/Plan
5/SP325046

Last Listing description (July 2026)

Introducing the Osmaston building. Meticulously renovated to reinstate its former charm, preserving and highlighting the original Art Deco Features. This building today stands as a proud testament to building craftsmanship, both old and new, and is the first of its kind in New Farm.Osmaston was constructed in the 1930s by Albert George Silvester, a former photographer, in the Art Deco style representing luxury, glamour, and exuberance with a classic timeless elegance.The building has a unique history. In 1942 at the height of World War II, the American Navy selected Brisbane as a strategic base to support a major submarine offensive in the Pacific. In April of that year the first American submarines arrived at Capricorn Wharf on Macquarie Street and all 6 apartments in Osmaston were leased by the US Navy to accommodate its Officers until March 1945. Following the War, Osmaston remained as flats and underwent numerous alterations.Property Key Features: Incredibly renovated to the highest standards, preserving rich heritage features with the addition of quality modern conveniences Boutique building of only six stunning apartments Bedroom is immaculately restored to include built-in wardrobe and air conditioning Original leadlight windows reconditioned, heritage light features, and ornate ceiling designs Opulently finished with the finest materials including oak timber flooring, stunning Carrara marble, and brass detailing Every detail considered with acoustic flooring, split air-con system, quality Miele appliances, and generous storage Northeast views across New Farm from the generous sized balconies Expect to experience a new level of privacy and exclusivity, whilst owning part of a historic masterpiece in New Farm Moments from New Farm Park, the River and Ferry terminal, public transport on the street, a short stroll to Merthyr Village, Powerhouse, and the Howard Smith WharvesLease Details/Utilities: Tenants are responsible for electricity, and internet servicesPets: Pets considered upon application. Also requires Body Corporate approval.Lease term: Seeking a 6-12 month lease agreement.To book a time to inspect, simply click on the 'Book an Inspection Time' button. By registering, you'll be instantly informed of any updates, changes, or cancellations for your appointment.For any further questions, please 'Get in Touch' via the link to your right - or call us on 07 3606 8300.All information provided in this advertisement has been prepared to the best of our knowledge and in good faith. However, prospective tenants are encouraged to make their own enquiries and conduct independent due diligence to verify the details. Living Here Cush Partners accepts no responsibility for any inaccuracies, errors, or omissions.

Property History for 5/598 Lower Bowen Tce, New Farm, QLD 4005

A timeline of how this property has performed in the market
Last Sold
$545,000
22 Sep 2021
Listed for Rent
$660/w
15 Jun 2026
  • 15 Jun 2026
    Listed for Rent $660 / week
  • 17 Oct 2023
    Listed for Rent $600 / week
  • 22 Sep 2021
    Sold for $545,000
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About New Farm 4005

The size of New Farm is approximately 2.5 square kilometres. There are 4 parks, covering nearly 9.1% of the total area. The population of New Farm in 2016 was 12542 people. By 2021 the population was 12197 showing a population decline of 2.8% in the area during that time. The predominant age group in New Farm is 30-39 years. Households in New Farm are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in New Farm work in a professional occupation.In 2021, 44.00% of the homes in New Farm were owner-occupied compared with 39.70% in 2016.

New Farm has 7,938 properties. Over the last 5 years, Houses in New Farm have seen a 56.77% increase in median value, while Units have seen a 75.09% increase. As at 31 July 2026:

  • The median value for Houses in New Farm is $3,293,049 while the median value for Units is $1,215,198.
  • Houses have a median rent of $1,150 while Units have a median rent of $680.
There are currently 43 properties listed for sale, and 18 properties listed for rent in New farm on OnTheHouse. According to Cotality's data, 322 properties were sold in the past 12 months in New farm.

Suburb Insights for New Farm 4005

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.