Located in Queensland within the Brisbane local government area, New Farm is a settled mid-to-large suburb (postcode 4005). The area has roughly 12,197 residents and 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. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in New Farm is $2.9 million, having risen steeply by 19.1% over the past year. Units have a median price of $820,000 (+6.5% YoY). The current median weekly rent is $700. This gives a gross rental yield of approximately 1.3%. 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 6,340 incidents per 100,000 population.
On the investment side, New Farm shows a gross rental yield of approximately 1.3%, 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. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.