Opportunity: Newstead-Bowen Hills

Glimpses of an industrial past give way to upmarket riverfront living and dining as Newstead, Bowen Hills and Teneriffe embrace a thriving urban renewal.

Central and accessible

  • Within three kilometres of the Brisbane Central Business District (CBD)
  • Frequent bus and train services, including City Glider bus interchange at the Royal Brisbane and Women’s Hospital
  • Bowen Hills Train Station is a major northside hub and Exhibition Train Station operates for major events
  • Easy access to Inner City Bypass, Airport Link, CLEM7 and Legacy Way tunnels
  • Ferry terminal in Teneriffe

Local trends

  • Industrial heritage with urban renewal
  • Tree-lined streets
  • Thriving retail and dining
  • Riverside access
  • Entertainment and recreation

Precincts

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  1. Gasworks – commercial, residential and retail hub at Newstead
  2. Riverfront living – luxury riverfront apartments along Newstead Terrace
  3. King Street – retail high street in Bowen Hills with laneway shops, apartments, office buildings and restaurants
  4. Brisbane Showgrounds – range of indoor and outdoor venues including the Royal International Convention Centre and home of the annual Ekka
  5. NewsCorp – current commercial area near Bowen Hills Train Station proposed for renewal
  6. Mayne Rail Yard – stabling facilities for Queensland Rail
  7. Teneriffe – mixed-use development in heritage Woolstores

Driving opportunity

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Population growth

Generating additional demand for goods and services

 

  • One of the fastest growing suburbs in Brisbane, with population projected to grow more than 5% each year
  • More than 56% of the working age population under the age of 35
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Development activity

Bringing more people to live and work in the area

 

  • In the 12 months ending December 2017 there were 259 dwellings approved
  • 22-hectare RNA Regeneration Project, including the tallest engineered-timber office tower in the world at 25 King Street
  • Proposed Millennium Square Precinct rejuvenation of the News Corp site in Bowen Hills
  • Newstead Series, located in the Newstead Riverside Precinct, comprising 300 apartments and townhouses
  • Redevelopment of the old Breakfast Creek Wharf at Newstead for new Bunnings Warehouse and Mercedes Benz $100m  Autohaus facility
  • Waterfront Newstead master planned mixed-use development located adjacent to Gasworks Plaza
  • Fabric providing 73 apartments over eight levels at Commercial Road, Teneriffe
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Infrastructure projects

New roads, transit, school, hospitals and other major infrastructure projects create opportunities for business

 

  • $5.4 billion Cross River Rail proposes to upgrade the existing Exhibition station to become a fully operational station (not just for major events)
  • Inner City Bypass upgrade to widen from three to four lanes in each direction between Legacy Way and the RNA tunnel as part of Council's commitment to invest more than $2 billion to tackle traffic congestion
  • Brisbane Metro to provide high-frequency network with metro station at Royal Brisbane and Women’s Hospital in adjacent Herston
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Talented people

Access to a skilled workforce

 

  • 43% with bachelor degree level of education (compared to 32% for Brisbane Local Government Area)

Who has taken the opportunity?

  • Café and function venue, Six Feet Under, chose a basement location on Masters Street, Newstead (2018)
  • Luxury marketplace and bistro, Mercado, opened in King Street, Bowen Hills (2018)
  • Riffs and Licks Music chose Commercial Road, Newstead for a new musical instrument store (2018)
  • Montrachet a much-loved French restaurant relocated to King Street, Bowen Hills (2017)
  • Melbourne Vietnamese offering, Banoi, chose King Street, Bowen Hills for its first Queensland restaurant (2017)
  • Mas and Miek Ceramic House chose a warehouse at Byres Street, Newstead for a boutique ceramic studio, shop and coffee bar (2017)
  • Bella’s Brows relocated to the Winchcombe Carson Woolstore at Vernon Terrace, Teneriffe (2017)

Planning frameworks

More information