602/27 Commercial Rd, Newstead is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2016. The property has a land size of 105m2. While the property is not currently for sale or for rent, it was last sold in September 2019.
Offering a truly inspired living experience, this two bedroom apartment is brilliantly considered for the modern occupier in pursuit of the elusive work-play balance. A hop, skip and jump takes you to the James Street precinct and Gasworks Plaza, offering an array of gourmet markets, cafes, designer shops and restaurants. Unit 602 occupies an elevated north-easterly corner position, with a free flowing 106sqm floor plan providing stunning vistas and generous open spaces.
Tiled living areas, an abundance of natural light and indoor/outdoor living sets the scene at this apartment. A beautiful chef's kitchen, Ilve stainless steel appliances, gas cooking and ample storage is set in timber veneer cabinetry and stone bench tops, providing a timeless and contemporary appeal. Facilitating a cohesive indoor-outdoor flow, the sizeable balcony serves as a natural extension of the living area, ideal for alfresco dining, casual lounging or pre-drinks before a night out in town. The master bedroom incorporates an ensuite and walk through robe whilst the second bedroom enjoys close proximity to the main bathroom.
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 5,922 properties. Over the last 5 years, Houses in Newstead have seen a -2.13% decrease in median value, while Units have seen a 89.29% increase. As at 31 March 2026:
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