507/16 Masters Street

Off Market

507/16 Masters Street

Newstead QLD 4006

91 m²

104 m²

Apartment

Last sold for $985,000

Chrissy Arkinstall, last sold this property on 23 April 2026 after 21 days on market.

Overview

City Views in the Heart of Newstead

Capturing a stunning backdrop of the Brisbane City skyline, this contemporary apartment in the 'Lumira' complex offers a premium lifestyle in the heart of Newstead. Positioned just steps from Gasworks Plaza, James Street, and the riverfront, the location is central to the area's best amenities. The open plan living, dining, and kitchen areas are light-filled and flow seamlessly to the private corner balcony. This outdoor space is equipped with shutters for adjustable privacy and weather protection, making it a functional extension of the living space. The layout prioritises privacy, with the two bedrooms positioned at separate ends of the apartment. The primary suite features a private ensuite and direct access to the alfresco area, while the second bedroom is serviced by the main central bathroom. Residents will also enjoy access to the 'Lumira' rooftop terrace, which features panoramic city views and BBQ facilities for resident use. Offered with vacant possession, the property provides an immediate move-in for owner-occupiers or the flexibility for investors. With a consistent rental history and a current rental appraisal of $850 per week, the residence offers a strong foundation for those looking to capitalise on Newstead's high demand. Property Highlights: • Two bedrooms with built-in robes • Primary suite with private ensuite and direct balcony access • Contemporary kitchen with gas cooktop and stone benchtop • Corner balcony with privacy shutters and city views • Zoned ducted air-conditioning and ceiling fans • Separate laundry • Allocated car space within the secure basement • Building intercom and lift access • Vacant possession • Walking distance to Gasworks Plaza, James Street, riverfront and ferry terminal • Easy access to CityGlider bus, and public transport services • School Catchments: New Farm State School & Fortitude Valley State Secondary College • Rental appraisal - $850 per week • Brisbane City Council Rates: approx. $550.80 per quarter Body Corporate Information: • Body Corporate Sinking Fund Balance as at 26/02/2026 - $590,111.93 • Insurance Levy: 01/08/2025 to 31/01/2026 (6 months) - approx. $309.54 • Body Corporate Contributions: 01/05/2026 to 31/07/2026 Administrative Fund - approx. $1,039.63 ($831.70 if discount applied) Sinking Fund - approx. $471.11 ($376.89 if discount applied) For additional information or to arrange an inspection, contact Chrissy Arkinstall on 0413 802 842. Disclaimer: We have, in preparing this advertisement, used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

Features

2 bedrooms

2 bathrooms

1 carspace

1 garage space

91 m² floor area

104 m² lot size

Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Newstead over the last 12 months, the estimated median property value of 507/16 Masters Street is $1.14m.

Median value

$1.14m

Estimated value range

$640k - $2.8m

Median days on market

Estimated value trend

30%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Newstead. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 507/16 Masters Street

2026

Sold

$985,000

23 Apr 2026 by Chrissy Arkinstall, of Ray White Kim Olsen Property

2025

Sold

$832,000

Private Sale/Treaty on 25 Mar 2025 by Jardin Bylund, of Rissman Property

Happy sellers in Newstead

95%

95% of sellers in Newstead reported that their sale price either exceeded or met their price expectations.

Newstead stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 27 reviews in Newstead over the last 12 months.

Local market activity for 2 bedroom apartments in Newstead

In the last 12 months, 157 two-bedroom apartments similar to 507/16 Masters Street, have been sold.

This represents a 21% increase in two-bedroom apartments sales when compared to the previous 12 months.

Sold

For Sale

For Rent

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