Opportunity: Newstead-Bowen Hills | Brisbane City Council

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

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

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

Infrastructure projects

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

  • 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
  • Brisbane Metro to provide high frequency network with metro station at Royal Brisbane and Women’s Hospital in adjacent Herston

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?

  • 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)
  • Wine and charcuterie bar Copado opened in the Dalgety & Co Woolstore in Macquarie Street, Teneriffe (2017)
  • Sydney institution Salt Meats Cheese opened its first Brisbane store in the Haven apartment development in Newstead (2016)
  • Government agency, Screen Queensland, chose a ground floor office complex in Florence Street, Teneriffe (2015)
  • Fujitsu Australia, Wolter Consulting Group and Bank of Queensland chose the Gasworks Commercial Precinct in Newstead (2015)

Planning frameworks

More information

Other Inner City investment areas

View other great investment areas in the Inner City including Brisbane CBDDutton Park and FairfieldFortitude ValleyHighgate HillKangaroo PointKelvin Grove and HerstonNew FarmNewstead and Bowen HillsPaddington and MiltonRed HillSouth BrisbaneSpring HillWest End and Woolloongabba.