SOLD
Sold on 24 Oct 2023 for $5,400,000

2402/20 Festival Place
Newstead QLD 4006

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Floor area: 238m2
Land area: 262m2
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Property Details for 2402/20 Festival Pl, Newstead

2402/20 Festival Pl, Newstead is a 4 bedroom, 2 bathroom House and was built in 2022. The property has a land size of 262m2 and floor size of 238m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 4 bedroom House sold in Newstead in the last 12 months.

Building Type
House
Year Built
2022
Floor Size
238m2
Land Size
262m2
Local Government
Brisbane
Lot/Plan
2402/SP292339

Property History for 2402/20 Festival Pl, Newstead, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$5,400,000
24 Oct 2023
  • 24 Oct 2023
    Sold for $5,400,000

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About Newstead 4006

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 2011 was 836 people. By 2016 the population was 2,204 showing a population growth of 163.6% 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 2011, 46.6% of the homes in Newstead were owner-occupied compared with 37.6% in 2016.

Newstead has 5,694 properties. Over the last 5 years, Houses in Newstead have seen a -48.76% decrease in median value, while Units have seen a 38.42% increase. As at 31 July 2024:

  • The median value for Houses in Newstead is $475,776 while the median value for Units is $771,858.
  • Houses have a median rent of $775 while Units have a median rent of $750.
There are currently 51 properties listed for sale, and 38 properties listed for rent in Newstead on OnTheHouse. According to CoreLogic's data, 501 properties were sold in the past 12 months in Newstead.

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