New Farm Property Market

New Farm Qld Property Market

New Farm Suburb Profile

The New Farm suburb profile is a northern riverside suburb of Brisbane CBD in Queensland. The suburb is only two kilometres east of the city and is partly surrounded by the Brisbane River, with land access through Fortitude Valley and Newstead.

The suburb derives its name from the fact that the peninsula was once used as a farming area in the early years of Brisbane’s history.

The New Farm suburb profile is known for its lush, leafy streetscapes, its modern twist on traditional family homes and its large community parks. New Farm is currently one of the most in-demand suburbs in Brisbane’s inner-north area.

The suburb’s close proximity to the nearby suburbs of Teneriffe and Newstead, its picturesque water views and its community-centred lifestyle makes New Farm the perfect location for both families and singletons alike.

New Farm Lifestyle

New Farm Property Market

New Farm really promotes an outdoorsy lifestyle through its scenic views and many parks. One of these parks, New Farm Park, is considered to be Brisbane’s most beloved outdoor asset. This stretch of land hosts plenty of activities throughout the year like farmers’ markets, barbeques, cultural events, performances and sporting events.

However, if you enjoy being inside on a sunny day, you can always visit Brisbane Powerhouse, an iconic arts destination. Originally a 1920s power station, Brisbane Powerhouse was rebuilt into a multi-purpose precinct for the arts and hosts some of Brisbane’s most unforgettable exhibitions and cultural events.

If you want to travel to the city, you can hop on the CityCat ferry, which makes regular stops near the CBD and neighbouring suburbs. The riverside walking trail which links New Farm to the city’s Eagle Street precinct is often dotted with cycling enthusiasts and gives locals plenty of opportunities to enjoy the suburb’s fresh air.

In a nutshell, New Farm is relatively close to the city centre but still offers a relaxed riverside lifestyle. The suburb has a vibrant selection of cafés and restaurants and boasts some of Brisbane’s most stunning renovated homes.

New Farm - Lifestyle2

New Farm Geolocation Factors

Travelling in and out of town is made easy with Brisbane Airport, which is the primary international airport serving Brisbane and South East Queensland. It takes only 12 minutes to get to Brisbane Airport from New Farm.

The size of New Farm is approximately 2.5 square kilometres. It has 3 parks covering nearly 7.8% of the suburb’s total area.

The suburb has plenty of schools available to choose from, with New Farm State School being one of the most popular choices. However, if you would like to invest in private schooling, you can choose between Lourdes Hill College, Music Industry College, All Hallows’ School and St James College.

The New Farm Property Market

New Farm, 4005 – *Real Estate Statistics

New Farm Property Market

The following data from the 2021 Census gives an overview of the median sale price for New Farm properties.

Houses

  • Median sale price in the area: $2.8m
  • Median price change (1yr): -3.30%
  • Median rent: $1050pw
  • Median gross yield: 2.0%

Units

  • Median sale price in the area: $800k
  • Median price change (1yr): 9.14%
  • Median rent: $550pw
  • Median gross yield: 3.6%

*Data Disclaimer: At Savvy Fox we update the data found on these posts regularly, however we understand the real estate industry is dynamic.  Therefore, it’s subject to change. Use these figures as a general guide only. We will happily discuss the latest changes to the local property market on your FREE 30-minute strategy call.

New Farm Demographics

The population of New Farm in 2016 was 12,536 people. In 2021 the population was 12,197 showing a steady population in the area during that time.

The predominant age group in New Farm is 20-29 years with households primarily consisting of childless couples. These households are likely to be paying over $4000 per month on mortgage repayments.

According to the 2021 census, 44% of the homes in New Farm were owner-occupied, with 53% of New Farm properties being rented.

Buyers Advocate New Farm

If New Farm seems like the perfect location for you to settle down in and you quite like the idea of being so close to the city, then you will be pleased to know that New Farm properties are ideal to invest in.

As an experienced New Farm buyers agent who knows a lot about the area, Savvy Fox can help you to close the deal on prime New Farm real estate.

Don’t stress about the details, and leave all the hard work to Savvy Fox! Call us today, and take the first step in finding your dream home.

About the author of this post...

Picture of Jacqueline Dwyer
Jacqueline Dwyer
Jacqueline is a respected and award-winning Real Estate Buyers Agent, Registered Property Valuer and Auctioneer. She heads up Savvy Fox property group a team of property professionals who work exclusively for you, the buyer.

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