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Median values are calculated based on data over a 12 month period.

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Market Report

In New Farm, the median property price for a house is currently 2,487,500 with annual capital growth of -4.05 . There were 78 house sales in the past 12 months. On average, houses spend 26 days on market.

If you're thinking about buying an investment property in New Farm, consider that rental yields for houses are currently 2.00 with an average median rent of 720 weekly. Houses have seen -10.20 growth in the past quarter, and -4.05 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.

In New Farm, the median property price for a unit is currently 863,500 with annual capital growth of 10.00 . There were 260 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 3.35 with an average median rent of 630 weekly. Units have seen 6.60 growth in the past quarter, and 10.00 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.

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Key Market Data House Unit
Median price 2,487,500 863,500
Quarterly growth -10.20 +6.60
12-month growth -4.05 +10.00
Average annual growth +11.40 +8.66
Weekly median rent 720 630
Gross rental yield 2.00 3.35
Number of Sales (12m) 78 260
Avg. Days on Market (12m) 26 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
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