108/49 Newstead Tce, Newstead is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1998. The property has a land size of 211m2 and floor size of 144m2. While the property is not currently for sale or for rent, it was last sold in January 2013.
As Newstead booms astute buyers are moving quickly to purchase tightly held waterfront properties. This well-appointed apartment on the fourth floor of the 'Somerset' building in Mariner's Reach will be no exception. With stunning views along both stretches of the river and surrounded by the magnificent gardens that have become synonymous of Mariner's Reach buyers will be captivated by the serenity and beauty as well as the convenient, easy lifestyle on offer.
Recently refurbished this apartment boasts 144sm2 of internal living space and 36m2 of balcony. The large main bedroom facing the river and opening out onto a balcony is well separated from the second and third bedrooms which also have their own balconies. The lounge and separate dining area both open out onto the river facing balcony making it ideal for entertaining. Another valued feature is the two adjoining car parks with two storage lockups.
Mariner's Reach is located on 2.5kms to the CBD and a ten minute drive to the airport. Built alongside the river and set amongst three and a half acres of beautifully maintained landscaped gardens it is one of Brisbane's most iconic developments. Besides enjoying the serenity and the fabulous resort style facilities residents also enjoy being within walking distance to some of Brisbane's best restaurants, bars and cafes as well as a Woolworths, a medical centre and pharmacy located in the nearby Gasworks precinct.
The size of Newstead is approximately 0.9 square kilometres. It has 3 parks covering nearly 8.2% of total area. The population of Newstead in 2016 was 2193 people. By 2021 the population was 7496 showing a population growth of 241.8% in the area during that time. The predominant age group in Newstead is 20-29 years. Households in Newstead are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newstead work in a professional occupation.In 2021, 27.70% of the homes in Newstead were owner-occupied compared with 37.60% in 2016.
Newstead has 5,762 properties. Over the last 5 years, Houses in Newstead have seen a -33.59% decrease in median value, while Units have seen a 83.73% increase. As at 31 December 2025:
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