New Farm, QLD 4005: Suburb Profile & Property Report

Market Report

House report
Unit Report

New Farm has 125 houses available for sale. The median property price for a house is currently $2,518,000 with annual capital growth of -0.67% . There were 72 house sales in the past 12 months. On average, houses spend 27 days on market.

If you're thinking about buying an investment property in New Farm, consider that rental yields for houses are currently 1.95% with an average median rent of $725 weekly. Houses have seen -6.74% growth in the past quarter, and -0.67% growth in the past 12 months.

The size of New Farm is approximately 2.5 square kilometres. It has 4 parks covering nearly 9.1% of total area. The population of New Farm in 2011 was 11,330 people. By 2016 the population was 12,536 showing a population growth of 10.6% in the area during that time. The predominant age group in New Farm is 20-29 years.

Households in New Farm are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in New Farm work in a professional occupation. In 2011, 40.5% of the homes in New Farm were owner-occupied compared with 39.7% in 2016.

New Farm has 198 units available for sale. The median property price for a unit is currently $849,000 with annual capital growth of 10.26% . There were 277 unit sales in the past 12 months. On average, units spend 20 days on market.

If you're thinking about buying an investment property in New Farm, consider that rental yields for units are currently 3.41% with an average median rent of $625 weekly. Units have seen 5.73% growth in the past quarter, and 10.26% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$2,518,000	$849,000
Quarterly growth	-6.74%	+5.73%
12-month growth	-0.67%	+10.26%
Average annual growth	+10.88%	+8.20%
Weekly median rent	$725	$625
Gross rental yield	1.95%	3.41%
Number of Sales (12m)	72	277
Avg. Days on Market (12m)	27	20

Jump to Market Trends

Key Demographics	2011	2016
Total population	11,330	12,536
Population change (5y)	+0.76%	+10.60%
Median household income (p/w)	$1,652	$1,804
Household income change (5y)	+37.21%	+9.20%
Median age of persons	36	37

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in New Farm is $2,518,000 for houses and $849,000 for units.

The Median Growth in New Farm over the past 12 months is -0.67% for houses and 10.26% for units.

Over the past 12 months there were 72 houses sold and 277 units sold in New Farm. On average, houses spent 27 days on market and units spent 20 days on market.

In the past 12 months up to August 2024 there were 72 houses sold and 277 units sold in New Farm. On average, houses spent 27 days on market and units spent 20 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in New Farm is $725 for houses and $625 for units.

The Rental Yield in New Farm is 1.95% for houses and 3.41% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of New Farm was 12,536 in 2016, a +10.60% change compared to 2011.

The predominant age group in New Farm is 20-29 years.

The population of New Farm was 12,536 in 2016, a +10.60% change compared to 2011.

The predominant age group in New Farm is 20-29 years.

Most of the population in New Farm were born in Australia.

Most of the population in New Farm report their religion as No Religion.

Most of the population in New Farm report their income range as between $78,000 and $130,000 .

The median household income in New Farm was $1,804 in 2016, a +9.20% change compared to 2011.

Most of the population in New Farm report their income range as between $130,000 and $182,000 .

The median household income in New Farm was $1,652 in 2011, a +37.21% change compared to 2006.

Most of the population in New Farm work as Professional.

The chart below demonstrates the various levels of education in New Farm.

Most of the population in New Farm reached a qualification level of Bachelor.

2011 2016

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