Newmarket

POSTAL CODE: QLD, 4051
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NEWMARKET, 4051 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $1,440,000.

Profits due to an upward trend in home prices in the suburb averaged 6.67% per annum over a 3-year period.

NEWMARKET now ranks at the 844th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in NEWMARKET are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $690 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In NEWMARKET, homes and units usually stay on listing for an average of 40.4 days.

In 2016, 59 properties were sold in NEWMARKET during the past year, making it the 188th most active market in QLD based on total real estate transactions.

Surburb overview

Newmarket is a vibrant inner-northern suburb of Brisbane, approximately 5 kilometres from the CBD. The suburb has a population of around 4,979 people, with the predominant age group being 20-29. It is known for its mix of character homes, modern apartments, and townhouses, making it an attractive area for professionals, young families, and singles.

The property market in Newmarket is strong. The median house price is currently $1,490,000, reflecting an annual capital growth of 2.76%. The rental market is also robust, with median weekly rents at $680 for houses and $525 for units. Rental yields are around 2.84% for houses and 4.63% for units, making it an appealing option for investors.

Newmarket is well-connected by public transport, including regular train and bus services, making commuting to the city and surrounding areas convenient. The suburb also boasts a range of amenities, including the famous Newmarket Village, which features shops, cafes, and a cinema. Residents can access numerous green spaces and recreational facilities such as parks and walking paths, enhancing their liveability.

The suburb’s planning zones include Character Residential, Low-Medium Density Residential, and Low-Density Residential, providing various housing options for different lifestyle needs.

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