317/30 Festival Pl, Newstead is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2016. The property has a land size of 74m2 and floor size of 53m2. While the property is not currently for sale or for rent, it was last sold in January 2024.
Located at the heart of Newstead in the Gasworks precinct encapsulates a world of luxury, exquisite architecture, quality and beauty all at a superb location.
This exquisitely designed apartment boasts open plan living areas with floor-to-ceiling glass doors, feature designed kitchen with entertainer's bench top, integrated digital ready study and a generous sized balcony with stunning views. It also features marble finishes, European appliances, privacy and security with an intercom system and card-controlled access to secure basement parking, lobby and lift areas.
In addition to the apartment's luxurious features, resident facilities include a heated 25m pool, resort style gardens, BBQ facilities with dining & entertainment area and car parking for guests.
Below are some key facts of this property:
Council rate: Approx. $450/Qtr (Figure 2)
Body Corp: Approx. $1205/Qtr (Figure 3)
Current rental: $450/wk(lease expired on Feb 2024)
Potential rent: $520-$540/wk , potential gross yield: 6.3%+ (Figure 5)
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Check out the walk through video:
https://youtu.be/SaMsKXFZhq0
Features include:
- 1 spacious bedroom
- 1 stylish bathroom
- Balcony
- Gourmet kitchen
- Food waste disposer
- European appliances
- Dishwasher and Dryer
- Reverse cycle Air conditioning
- Intercom, secure access & Secure Parking
Enquire today for more details!
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 5,930 properties. Over the last 5 years, Houses in Newstead have seen a -4.29% decrease in median value, while Units have seen a 94.37% increase. As at 30 April 2026:
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