About Newstead, Brisbane
Newstead is Brisbane's most in-demand inner-city neighbourhood — a former industrial riverside precinct transformed into a precinct of boutique apartments, co-working spaces, acclaimed restaurants, and the Gasworks retail hub. Located 2km north of Brisbane's CBD on the Brisbane River, Newstead offers apartment buyers the rarest combination in southeast Queensland: genuine inner-city character and walkability within 10 minutes of the CBD. Brisbane's 2032 Olympics hosting announcement has already triggered a 20% price acceleration across inner-city residential — and Newstead's relative value against Sydney and Melbourne remains a structural magnet for interstate buyers.
About Mirvac Group
Mirvac is one of Australia's two largest diversified property companies (alongside Stockland), listed on the ASX with a AUD 22 billion balance sheet. Their residential development division has delivered over 60,000 homes nationally, with a quality reputation that sits at the premium end of the developer market. Skyring Terrace is Mirvac's most significant Brisbane inner-city launch in a decade, targeting the owner-occupier luxury buyer rather than the investment market.
Project Overview
Skyring Terrace Residences is a 28-floor tower of 235 residences on Brisbane River at Newstead, with north-facing river views toward the CBD from all units above floor 8. The building's distinctive curved form — designed by BVN Architecture — responds to the bend in the river below, creating near-panoramic views from the corner units. Ground-floor riverfront activation (café, cycle hire, kayak launch) makes the building a point of community engagement as well as a residential address.
- North-facing Brisbane River and CBD views from floors 8+
- BVN Architecture: curved riverfront design maximises panorama
- Residents' rooftop pool and terrace at Level 28
- Ground-floor café and riverside path connectivity
- 500m walk to Gasworks Plaza — Newstead's retail and dining hub
- Car-free building option: bike storage, CityCycle access, and ferry stop at door
Unit Types & Configuration
- 1 Bedroom — 60–80 sq m
- 2 Bedroom — 95–130 sq m
- 3 Bedroom — 155–195 sq m
- Sub-Penthouse (3 bed) — 220–260 sq m with full-length terrace
Pricing
One-bedroom from AUD 750,000. Two-bedroom from AUD 1.2 million. Three-bedroom from AUD 1.95 million. Sub-penthouse from AUD 3.2 million. At AUD 11,000–14,000/sq m, pricing is approximately 20% below comparable Sydney inner-city product — the Brisbane relative value proposition remains material. Stamp duty is payable at Queensland rates (4.5% at these price levels).
Investment Verdict
Positives:
- 2032 Olympics infrastructure (Cross River Rail, Olympic venues) will further catalyse Brisbane inner-city values
- Brisbane's price gap vs. Sydney and Melbourne is at a multi-decade narrow — interstate migration supports continued relative performance
- Mirvac's delivery certainty (ASX-listed, AUD 22B balance sheet) eliminates developer risk
Watch Points:
- Brisbane River flood risk requires careful investigation of any ground or lower-floor unit; 2011 floods affected Newstead; levee improvements since then require verification
- Olympic construction activity will create disruption in central Brisbane through 2031; buyers should calibrate expectations