New Farm

POSTAL CODE: QLD, 4005
HOUSE
UNIT
NEW FARM ranks 1037th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of -18.33% for the past year is lower than average compared to its 18.79% growth within a five-year period.

Also in NEW FARM, the median home price is sitting at $1,960,000, and the average rent at $720, this suggests property owners could potentially earn a 1.91% increase in gross rental yield.

Property investors have seen a -6.67% drop in NEW FARM based on a decrease in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 3.91% growth over a ten-year period. It ranks 3417th on our list of suburbs that property investors should look into.

Surburb overview

New Farm, Queensland 4005, is a sought-after inner-city suburb located approximately 2 kilometres northeast of Brisbane’s central business district (CBD). Known for its blend of historic charm and modern sophistication, New Farm is one of Brisbane’s most affluent and vibrant areas. The suburb features heritage homes, modern apartments, and Queenslanders, making it a popular choice for professionals, families, and retirees.

The population of New Farm was 12,536 as of the last census, reflecting a 10.60% increase compared to 2011. The predominant age group is between 20 and 29 years, and the median household income is approximately $1,804 weekly. Most residents are employed in professional occupations, and a significant portion of the population holds a Bachelor’s degree or higher.

The median house price in New Farm is around $2,700,000, and for units, it is approximately $836,500. The suburb’s median rent is $795 per week for houses and $600 per week for units. New Farm has a relatively low rental yield, with houses at 1.94% and units at 3.54%, reflecting the area's high property prices and demand.

New Farm is well-serviced by public transport, including several bus routes and a CityCat terminal at the end of Sydney Street. This provides easy access to Brisbane’s CBD and other suburbs along the Brisbane River. Residents enjoy various amenities, including the famous New Farm Park, Brisbane Powerhouse for arts and entertainment, and numerous cafes, restaurants, and boutiques along Brunswick Street.

The suburb’s proximity to the CBD, strong community vibe, and abundant green spaces make it an ideal location for those seeking a dynamic yet relaxed urban lifestyle.

You’re out of free articles for this month
Loading form...