89 Erneton StreetNewmarket QLD 4051
Property Details for 89 Erneton St, Newmarket
89 Erneton St, Newmarket is a 6 bedroom, 6 bathroom BlockOfUnits with 4 parking spaces. The property has a land size of 615m2 and floor size of 490m2. While the property is not currently for sale or for rent, it was last sold in June 2026. There are other 6 bedroom BlockOfUnits sold in Newmarket in the last 12 months.
Last Listing description (June 2026)
Rarely does an opportunity of this magnitude and versatility present itself in such a blue-chip pocket. Offering an entire block of six units on a prime 615m² zoned LMR2 allotment, this property represents a significant land holding with immediate rental upside and substantial future development potential.
Positioned in the heart of Newmarket, the site offers a rare "triple threat" for the savvy buyer: a high-yield investment to hold, a renovation project to add value, or a strategic site for future redevelopment (STCA). The existing structure is well-placed to capitalize on Brisbane's tight rental market while you plan your next move.
Positioned just 5km from the CBD, the location ensures low vacancy rates and long-term capital appreciation through proximity to major infrastructure and lifestyle drivers.
• LMR 2 Zoned 615m² Allotment: A substantial land footprint with favorable zoning provides a secure foundation for future redevelopment and long-term land banking.
• Education and Schools: Located within the sought-after catchments for Newmarket State School and Kelvin Grove State College, ensuring sustained demand from a wide range of tenants.
• Recreation and Parks: Walking distance to Banks Street Reserve and the Enoggera Creek Bikeway, providing the lifestyle amenities that drive high rental desirability.
• Retail and Convenience: Moments from Newmarket Village, Reading Cinemas, and Coles, offering tenants easy access to essential services and dining.
• Transport Connectivity: Direct and frequent links to the Brisbane CBD via the Newmarket Train Station and local bus interchanges, making it a prime location for commuters.
This is a rare chance to acquire a significant footprint with favorable zoning in one of Brisbane's most resilient and high-performing suburbs.
Please make an enquiry for the Income and further documentation. The property is currently fully rented and at no stage have the units been vacant for more than a couple of days.
View by inspection only.
Contact us today to arrange your private viewing and secure this premier asset.
Property History for 89 Erneton St, Newmarket, QLD 4051
- 09 Jun 2026Sold for $2,080,000
- 29 May 2026Listed for Sale Offers over $2,000,000
- 29 Jan 2020Listed for Rent - Price not available
Recent sales nearby
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About Newmarket 4051
The size of Newmarket is approximately 1.7 square kilometres. There are 10 parks, covering nearly 9.3% of the total area. The population of Newmarket in 2016 was 4979 people. By 2021 the population was 5083 showing a population growth of 2.1% in the area during that time. The predominant age group in Newmarket is 20-29 years. Households in Newmarket are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newmarket work in a professional occupation.In 2021, 52.00% of the homes in Newmarket were owner-occupied compared with 46.80% in 2016.
Newmarket has 2,507 properties. Over the last 5 years, Houses in Newmarket have seen a 49.39% increase in median value, while Units have seen a 95.31% increase. As at 31 August 2026:
- The median value for Houses in Newmarket is $1,798,970 while the median value for Units is $931,825.
- Houses have a median rent of $800 while Units have a median rent of $590.
Suburb Insights for Newmarket 4051
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