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QLD › Newstead › Festival Pl

U2501, 20 Festival Pl, Newstead QLD 4006

For saleApartment

$16,000,000

For sale

Asking

4

Bedrooms

5

Bathrooms

4

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $16,000,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $16,000,000(Listing record · 16 Feb 2026)
  • CalculationIf it leased at Newstead's advertised median rent ($726/wk), implied gross yield would be 0.24% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$16,000,000

Asking

No recorded sale for this property.

Newstead at a glance

9,248

People

No data

Median sale

$726/wk

Median rent

No data

Suburb gross yield

See the full Newstead report →

Total cost to purchase

Purchase Price
$16,000,000
Stamp Duty (Queensland)
$900,525
Transfer/Registration Fee
$73,906
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$16,978,131

$978,131 on top of the price (6.1% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Newstead's advertised median rent — not a rent for this listing.

Net yield
-1.26%
Annual cashflow (pre-tax)
$-1,034,248
Interest cover (DSCR)
-0.24
Annual rent
$37,752
Operating expenses
$240,000
Loan amount
$12,800,000
Annual interest
$832,000
Gross yield
0.24%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

For more information on this property, visit Queensland Globe↗.

Records

Property history

  1. Listed$16,000,000available15 Feb 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $726/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 0.2%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Newstead in one glance

Newstead at a glance

9,248

People

No data

Median sale

$726/wk

Median rent

No data

Suburb gross yield

See the full Newstead report →

Keep researching

  • Why Newstead? Read the area thesis →
  • What else is on the market in Newstead →
  • Other records on Festival Pl →

Listing material

Listed by CAVALE

A Once-in-a-Generation Landmark Penthouse with Forever Views

Occupying an entire half-floor within Australia's most acclaimed residences, Luminare, this landmark Penthouse commands breathtaking and limitless 270-degree views from every vantage point. Meticulous in execution and uncompromising in detail, it presents a rare purity of Italian craftsmanship that is without equal and guaranteed to remain unmatched.

A dramatic yet warm entrance gallery leads into a grand living space, anchored by a monolithic travertine gas fireplace and framed by more than 28 metres of uninterrupted glass frontage. From this highest point in Newstead, the residence enjoys commanding, gun-barrel city views and exceptional natural light, with prized northern, western and southern exposures.

The outdoor living experience is equally extraordinary, offering seamless indoor-outdoor integration. A fully equipped quartz stone summer kitchen with built-in BBQ is complemented by a hybrid hot-and-cold full-body plunge pool, alongside year-round luxuries including integrated ceiling fans, heaters and sliding privacy sun-screens.

Read the full description

A mesmerising five-metre LED-lit waterfall island bench anchors the oversized kitchen. Crafted from polished Blanc Crystal Stone, it is complemented by full-height timber veneer joinery, striking bronzed-metal rangehood, and integrated Sub-Zero refrigerator/freezer and wine fridge, with refined Henry Wilson hardware and eco-brass Astra Walker Tapware throughout. The main kitchen and adjoining prep kitchen are each fully equipped, featuring dual ILVE cooktop-ovens with pot fillers, obsidian-black Miele appliance stacks, custom Blum push-to-open joinery, integrated dishwashers and a Baker ice machine.

Designed for entertaining at scale while maintaining complete seclusion, the northern wing of the residence reveals a spectacular ballroom-style entertaining space with six-metre ceilings and expansive 180-degree views through floor-to-ceiling glazing and complimentary window furnishings. Entertaining is further enhanced by a striking back-lit bar, built-in booth seating, integrated Fisher & Paykel multi-temperature drawer fridge, dishwasher, generous bespoke joinery and Hydro-ZipTap.

The primary bedroom suite is gracefully situated in its own wing with a commanding frontage and dazzling views. Among one of the largest in the city, the suite is complemented by a 45 sqm walk-in robe conceived as a private dressing gallery, complete with full-height joinery, a stone island dresser and a built-in Casoro safe imported from the United States.

Designed with both luxury and everyday ease in mind, the suite extends into a meticulously considered master bathroom, where a bespoke cosmetics counter is positioned to capture front-facing natural light. This custom joinery piece incorporates a stone benchtop, integrated GPOs within each cupboard, a marble basin with ZIP tap, and an undermount refrigerator dedicated to essential vitamins and skincare.

The oversized master bathroom is further enhanced by heated flooring, a double-head shower, smart toilet, and a double vanity with extensive integrated storage.

A grand internal gallery, finished with Italian travertine flooring spanning more than 23 metres and accented by European feature lighting, leads to four luxurious bedroom suites with ensuites, a sound-proofed home office, a private gym with infrared sauna, and a fully appointed laundry. The laundry includes dual stacked washer and dryer, a farmhouse sink, extensive storage and a secondary services entrance, ensuring effortless functionality throughout the home.

At Luminare, the world beyond your penthouse is equally impressive. Encase within a resplended colonnade structure reminiscent of a majestic colosseum, the expansive wellness amenities include a 35m Rooftop Pool, Two Romanesque Thermal Magnesium Wellness Spas, Two Saunas, a Steam Room, Luxury Sun Lounges and a State-of-the-Art Fitness Club by Technogym.

Sky Home Features:

• 18m x 7m open-plan living and dining domain with 3.7m ceiling heights, flowing seamlessly to a full-width 60 sqm terrace commanding panoramic city skyline and mountain views from the highest point in Newstead.

• Statement entertainer's kitchen spanning 12 metres, featuring full-height custom joinery with Blum touch-to-open cabinetry, integrated Sub-Zero refrigerator/freezer, integrated dishwasher, Sub-Zero wine fridge, stand-alone ILVE oven and cooktop, and a full Miele appliance suite valued at over $150,000, including coffee machine, combi-steam oven, traditional oven, vacuum drawer, warming drawer and microwave.

• Secondary prep kitchen (butler's pantry) with additional integrated refrigerator/freezer, integrated dishwasher, ice maker, Miele oven and combi-steam, and a five-metre waterfall island bench crafted from polished, book-matched Blanc Crystal Quartzite.

• Private and secluded ballroom-style lounge, appointed with integrated appliances and a bespoke LED-lit island bench & custom chandelier imported from the USA.

• Expansive balcony and outdoor entertaining terrace with fully equipped outdoor kitchen, including Menta Stone island, built-in Kenyon BBQ, under-mount bar fridge, integrated heating system and ceiling fans

• 45 sqm walk-in robe, conceived as a private dressing gallery - among the largest in the city

• Primary ensuite featuring double vanity, double shower, Astra Walker fixtures, heated towel rails and heated flooring

• Ancillary bedrooms appointed with acoustic and tinted glazing, block-out and sheer curtains, ceiling fans, and custom veneer walk-in robes with Henry Wilson hardware

• Travertine-wrapped ensuites to all bedrooms, incorporating heated flooring, heated towel rails and extensive integrated storage

• Separate laundry with three-metres of bench space, farmhouse sink, generous linen and broom cupboards, and a full-height hanging rail

• CEO-style home office with sound-proof glazing

• Crestron smart-home automation

• Three high-speed, air-conditioned elevators

• Smoke-free building

• Audio intercom system with keyless entry and swipe access, including SALTO system apartment entry

• Secure private basement parking for three side-by-side car spaces with over-bonnet storage

• 21 visitor parking spaces for guests (four-hour allocation)

• Parcel and refrigerated lockers for seamless deliveries

• Daily dry-cleaning drop-off and collection

• On-site management offering car washing, dog walking, apartment cleaning and lifestyle services

Rooftop Health, Wellness and Lifestyle Amenity:

• Australia's highest cantilevered glass-bottom and edge pool, hovering 95 meters above sea level, and offering an unparalleled view of the city's enchanting silhouette.

• Luxurious Tait Sun-Beds & Sun-lounges surround the length of the pool and immersed in all-day sun.

• Two Romanesque thermal magnesium wellness spas, two traditional Finnish Timber Saunas & a steam room.

• An expansive Fitness Center with $300,000 of Olympic Endorsed, Technogym equipment

• Private Event Space with a custom dining table, seductive emerald fireplace and travertine billiard table.

• Two alfresco kitchens with roasting and flat hood barbeques and cafe style seating overlooking the breathtaking panoramic views of the City & River

• Gracefully adorned travertine amphitheatre and multipurpose lawn for resident community events including rooftop mat-work Pilates and farmers markets

• Residents can indulge in a relaxing ambiance with surround rooftop sound-system by global leaders, Martin Audio, streaming meditative melodies of a European summer.

Listing description written by Ari Shahbazifar, CAVALE — reproduced as published, not verified by Districts.

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Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.