Newstead and Teneriffe
The Neighbouring Suburbs of Newstead and Teneriffe are only 3km from Brisbane’s CBD. Over 67% of the households in this suburb consist of couples without children and a further 20% are single person households. Over 82% of dwellings in the area are units and 15% are stand-alone houses. Newstead and Teneriffe are known for trendy cafes and restaurants including the iconic Breakfast Creek Hotel, upmarket studio apartments and renovated older homes with well-established gardens.
Two of Brisbane’s oldest suburbs, Newstead and Teneriffe have retained many historic buildings and character as a reminder of the suburbs integral part of traditional Brisbane. Breakfast Creek which flows through Newstead and Teneriffe was named during John Oxley’s exploration of the Brisbane River in 1824. Previously this creek was known by its aboriginal name “Barrambin” which is the name of one of Brisbane’s first generation CityCat ferries.
With excellent public transport connections and easy access to the CBD, Gateway and Brisbane Airport, Newstead and Teneriffe contain some of Brisbane’s prime real estate.
Growth in the area is set to continue with the development of “Gas Works” at Newstead Riverpark which, according to developer FKP, will set a new benchmark for contemporary lifestyle combining a sophisticated mix of residential, retail and commercial developments to cater and foster the evolving Newstead Urban Village.