New Farm, QLD 4055
Sell without an Agent in New Farm, QLD
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More about homes and property data in New Farm, Brisbane
New Farm is a riverside suburb in inner Brisbane, QLD that's 3km2. It's estimated population of just over 11,000 people and it's only 2km from the city.
The architecture of the suburb is an eclectic mix of 19th century colonial homes, 20th century traditional Queenslander and modern architectural hybrids. As apartment, unit and duplex housing continues to exceed its share beyond 70% of the local dwelling mix, detached houses are increasing in demand and price.
New Farm is home to New Farm Park - a well established park in Brisbane that also has the Brisbane Powerhouse, a combined restaurant and performance centre that houses many of Brisbane's shows and arts or performance festivals. It also has a second park in it and between the 2 parks, they cover nearly 8% of the suburb.
The population of New Farm in 2006 was 11,244 people. By 2011 the population was 11,337 showing a stable population in the area during that time.
The predominant age group is 25-34 years. Households are primarily childless couples and are likely to be repaying between $1800 - $2400 per month on mortgage repayments.
In general, people iwork in a Professional occupation.
In 2006, 41.1% of the homes in New Farm were owner-occupied compared with 40.5% in 2011.
New Farm Property Statistics
Statistics on New Farm Homes*
Median sales price of houses in the area is AUD $1.3m
Change in Median Price (5yrs) is 32.5%
Annual Change in Median Price (10yrs) is 6.2%
Average Days on Market is 110 days
Statistics on New Farm Units*
Change in Median Price (5yrs) is 11%
Annual Change in Median Price (10yrs) is 3.9%
Median Asking Rent for Newfarm is $420 per week
Average Days on Market is 71 days
*Based on Suburb Scorecard data from RP Core Logic updated in December 2016