SOLD
Sold on 20 May 2024 for $950,000

505/30 Festival Place
Newstead QLD 4006

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 105m2
Land area: 154m2
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Property Details for 505/30 Festival Pl, Newstead

505/30 Festival Pl, Newstead is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2016. The property has a land size of 154m2 and floor size of 105m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 3 bedroom Unit sold in Newstead in the last 12 months.

Building Type
Unit
Year Built
2016
Floor Size
105m2
Land Size
154m2
Local Government
Brisbane
Lot/Plan
505/SP268991

Last Listing description (September 2020)

Skyring Apartments – Award Winning Design by Tom Dooley, one of Qld’s most respected developers.

Located right in the heart of the Gasworks precinct, this impressive architecturally designed residence is positioned on the 5th floor, overlooking gorgeous parks and facing the majestic Brisbane River views.

This highly coveted three-bedrooms, two-bathroom design; especially the North-Eastern aspect were the very first to sell out. Together, with underground carpark and a 1.5m by 1.5m storage cage, this is the complete package.

Features at a glance: -
• Level 5, North-East aspect with gorgeous river views
• Master with balcony, views, ensuite and walk-in-robes
• Second bedrooms with study nook, walk-in-robes and two-way bathroom
• Third bedroom, or home office or multi-purpose room
• Designer kitchen with stone benchtops and Bosch appliances
• Open planned living with tiled floor upgrades
• Floor to ceiling sliding glass doors/windows for that panoramic view
• Laundry with storage
• Ducted air-conditioning and NBN
• Private carpark and storage shed in secure room
• North-Eastern aspect views of parks and river
• Expansive wrap around balcony

Facilities for you: -
• Heated 25m swimming pool and well-equipped gym
• Three elevators
• Secured complex with intercom system
• Bbq and resort style landscaped recreation podium
• Private residence lounge
• Welcoming front Lobby
• Onsite manager
• Pet friendly

Conveniences at your door step: -
• Woolworths
• Plethora of restaurants and eateries
• Bars, cafes and ammenities
• 2.5kms to Brisbane CBD
• 1.5kms to Royal Brisbane Hospital
• 900m to the Train Station
• 500m to City Cat and ferry
• Beautiful river walk and cycling paths
• Dog park nearby

Let’s crunch some numbers (approx.) : -
• Rent - $800 per week
• Council Rates - $400 per quarter
• Urban Utilities - $275 per quarter
• Body Corporate - $1185 per quarter

Newstead has become the pinnacle of modern-day city living, splashed with the tranquillity and excitement, depending on what tickles your tastebuds. Come and investigate what is the most sought-after floorplan of Brisbane’s most desirable lifestyle precinct.

Property History for 505/30 Festival Pl, Newstead, QLD 4006

A timeline of how this property has performed in the market
Last Sold
$950,000
20 May 2024
Listed for Rent
$790/w
06 Jul 2018
  • 20 May 2024
    Sold for $950,000
  • 02 Sep 2020
    Sold for $760,000
  • 24 Jun 2020
    Listed for Sale Another one SOLD by ARENA
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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 5,585 properties. Over the last 5 years, Houses in Newstead have seen a -50.87% decrease in median value, while Units have seen a 40.53% increase. As at 31 October 2024:

  • The median value for Houses in Newstead is $540,666 while the median value for Units is $789,614.
  • Houses have a median rent of $778 while Units have a median rent of $750.
There are currently 34 properties listed for sale, and 11 properties listed for rent in Newstead on OnTheHouse. According to CoreLogic's data, 463 properties were sold in the past 12 months in Newstead.

Suburb Insights for Newstead 4006

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.