The riverside Brisbane suburb of Newstead will have an additional 20,000 residents within two decades, the Queensland government predicts.

The former inner-city industrial area has since the 2011 Brisbane floods been transforming into a residential zone along the Brisbane River, with public open space.

Property developer Mirvac in 2001 created a network of buildings in its Waterfront Newstead development, with walkways and cycleways linking through the historic Newstead House on Breakfast Creek.

Artist's render of Mirvac's planned Sky Precinct residential tower at 58 Skyring Terrace in Brisbane's Newstead. Credit:

In 2011 Brisbane City Council developed the Newstead and Teneriffe Waterfront Neighbourhood Plan, which guides development in the riverside precinct.