2/16 Cross St, New Town is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1962. The property has a land size of 62m2 and floor size of 49m2. While the property is not currently for sale or for rent, it was last sold in November 2017.
Airy, modern and genuinely spacious, this one-bedroom apartment has been meticulously updated and is offered for sale fully furnished, ready for an astute investor to add to their portfolio or owner occupier to walk straight in. Currently operating as an Air BNB, this fabulous little apartment grossed $34,000 in the past financial year.
The layout offers an open-plan combination of living and dining, with a large separate kitchen housing a full size Artusi oven, Samsung fridge and microwave, and Beko washing machine. The large sunny bedroom features ample storage with two built-ins, while the striking, compact bathroom has all the feels of a contemporary hotel.
Outdoors is shared with the rest of the complex with body corporate plans in place for an upgrade of the entrance and gardens.
The size of New Town is approximately 4.0 square kilometres. It has 8 parks covering nearly 9.3% of total area. The population of New Town in 2016 was 6122 people. By 2021 the population was 6781 showing a population growth of 10.8% in the area during that time. The predominant age group in New Town is 20-29 years. Households in New Town are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in New Town work in a professional occupation.In 2021, 56.80% of the homes in New Town were owner-occupied compared with 57.40% in 2016.
New Town has 3,092 properties. Over the last 5 years, Houses in New Town have seen a 22.63% increase in median value, while Units have seen a 16.81% increase. As at 30 November 2025:
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