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

Driving opportunity

Population growth

Generating additional demand for goods and services

One of the fastest growing suburbs in Brisbane, with population projected to grow more than 3.8% each year
More than 55% of the working age population under the age of 35

Development activity

Bringing more people to live and work in the area

In the 12 months ending December 2019 there were 429 dwellings approved
Twenty-two-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

Infrastructure projects

New roads, transit, schools, 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
Victoria Park will provide more greenspace with new places to relax and enjoy Brisbane’s beautiful climate

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 wine bar, Carl’s opened at Wyandra Street, Teneriffe (2018)
Café and function venue, Six Feet Under, chose a basement location on Masters Street, Newstead (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

For detailed statistical information, access a Newstead-Bowen Hills report via Brisbane Community Profiles
Contact Brisbane Marketing’s Investment Attraction team

Other inner city investment areas

View other great investment areas in the inner city including Brisbane CBD, Dutton Park and Fairfield, Fortitude Valley, Highgate Hill, Kangaroo Point, Kelvin Grove and Herston, New Farm, Newstead and Bowen Hills, Paddington and Milton, Red Hill, South Brisbane, Spring Hill, West End and Woolloongabba.