New Farm is a well-established suburb in Queensland within the Brisbane local government area (postcode 4005). With a population of 12,197, the suburb has an established demographic with a median age of 39. Households earn a median income of $108K per year, with an average household size of 1.9 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in New Farm is $2.9 million, having surged 19.1% over the past year. Units have a median price of $820,000 (+6.5% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $2,264.
New Farm is served by 2 schools, including 2 primary. The average ICSEA score is 1125, which is well above the national average of 1,000. Public transport access includes 1 ferry wharf, 53 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, New Farm offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($2.9M/$1.1M), placing it in the premium segment. The price-to-income ratio of 27.0x is considered stretched. House prices have moved +19.1% year-on-year.
New Farm is a well-established suburb in Queensland within the Brisbane local government area (postcode 4005). With a population of 12,197, the suburb has an established demographic with a median age of 39. Households earn a median income of $108K per year, with an average household size of 1.9 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in New Farm is $2.9 million, having surged 19.1% over the past year. Units have a median price of $820,000 (+6.5% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $2,264.
New Farm is served by 2 schools, including 2 primary. The average ICSEA score is 1125, which is well above the national average of 1,000. Public transport access includes 1 ferry wharf, 53 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, New Farm offers a gross rental yield of 1.2%, rated as low yield. Property prices are above the state median ($2.9M/$1.1M), placing it in the premium segment. The price-to-income ratio of 27.0x is considered stretched. House prices have moved +19.1% year-on-year.