Chart Color Schemes
This analysis uses ABS Statistical Areas Level 2 (SA2) boundaries, which can materially differ from Suburbs and Localities (SAL) even when sharing similar names.
SA2 boundaries are defined by the Australian Bureau of Statistics and are designed to represent communities for statistical reporting (e.g., census and ERP).
Suburbs and Localities (SAL) represent commonly-used suburb/locality names (postal-style areas) and may use different geographic boundaries. For comprehensive analysis, consider reviewing both boundary types if available.
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ABS ERP | -- people | --
2021 Census | -- people
Sales Activity
Curious about local property values? Filter the chart to assess the volume and appreciation (including resales) trends and regional comparisons, or scroll to the map below view this information at an individual property level.
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Sales Detail
Population
An assessment of population growth drivers in New Farm reveals an overall ranking slightly below national averages considering recent, and medium term trends
New Farm's population is approximately 14,063 as of February 2026. This figure represents an increase of 1,609 people, a rise of 12.9% since the 2021 Census which recorded a population of 12,454. The growth was inferred from the estimated resident population of 13,753 in June 2024 and an additional 152 validated new addresses since the Census date. This results in a high population density ratio of 6,571 persons per square kilometer, placing New Farm within the top 10% of national locations assessed by AreaSearch, indicating significant demand for land in the area. The growth rate of 12.9% exceeds both the national average (9.9%) and state averages, positioning New Farm as a region with notable population growth. Overseas migration was the primary driver of this growth during recent periods.
AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data and years post-2032, Queensland State Government's SA2 area projections from 2023, based on 2021 data, are adopted. However, these state projections do not provide age category splits, so AreaSearch applies proportional growth weightings in line with ABS Greater Capital Region projections released in 2023, based on 2022 data for each age cohort. Looking ahead, population projections indicate a near-median increase for national statistical areas. By 2041, New Farm's population is expected to grow by approximately 1,717 persons, reflecting an overall increase of about 10.0% over the 17-year period based on the latest annual ERP population numbers.
Frequently Asked Questions - Population
Development
Residential development activity is lower than average in New Farm according to AreaSearch's national comparison of local real estate markets
New Farm has seen approximately 45 new homes approved annually over the past five financial years, totalling 225 homes. As of FY-26, six approvals have been recorded. On average, 1.4 new residents arrived per year for each new home built between FY-21 and FY-25, suggesting balanced supply and demand with stable market conditions. However, this figure has increased to 15.7 people per dwelling over the past two financial years, indicating growing demand and tightening supply. New homes are being constructed at an average expected cost of $574,000, targeting the premium market segment.
In FY-26, $21.4 million in commercial development approvals have been recorded, showing steady commercial investment activity. Compared to Greater Brisbane, New Farm has significantly lower building activity, with 77.0% below the regional average per person. This limited new supply generally supports stronger demand and higher values for established properties. New development consists of 15.0% standalone homes and 85.0% townhouses or apartments, promoting higher-density living to cater to downsizers, investors, and first-home buyers. With around 527 people per dwelling approval, New Farm exhibits a developed market. By 2041, AreaSearch projects New Farm will add 1,407 residents, maintaining reasonable construction pace despite increasing competition among buyers as population grows.
Future projections show New Farm adding 1,407 residents by 2041 (from the latest AreaSearch quarterly estimate). Construction is maintaining a reasonable pace with projected growth, although buyers could encounter growing competition as population increases.
Frequently Asked Questions - Development
Infrastructure
New Farm has very high levels of nearby infrastructure activity, ranking in the top 20% nationally
Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified 51 projects likely impacting the area. Notable projects are Teneriffe Banks, 424 Bowen Terrace Development Site, Waterfront Brisbane, and James Place. The following details projects most relevant.
Professional plan users can use the search below to filter and access additional projects.
INFRASTRUCTURE SEARCH
Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.
Frequently Asked Questions - Infrastructure
Waterfront Brisbane
A $2.5 billion mixed-use transformation of the Eagle Street Pier and Waterfront Place precinct. The project delivers two premium-grade office towers (North Tower 49 levels, South Tower 43 levels), approximately 120,000 sqm of office space, and a revitalized retail and dining hub. It features over 9,000 sqm of public open space, including a large civic plaza and a widened Riverwalk (up to 17m in sections) to enhance pedestrian and cyclist connectivity between the CBD and the Brisbane River.
Teneriffe Banks
A 1.5 billion dollar riverfront mixed-use precinct on a 17,612 sqm site. The development features four architecturally distinct residential buildings (The Interloom, The Ferry Building, The Store Houses, and The Skyform) housing 213 luxury apartments. It includes Brisbane's first 5-star Kimpton Hotel (163 rooms), over 4,800 sqm of retail and dining, a 220-metre riverwalk extension, and the exclusive Canopy Club. Construction commenced in December 2025 following site settlement in July 2025.
Howard Smith Wharves Expansion
A major expansion of the Howard Smith Wharves precinct by Artemus Group. The project features a new 9-storey, 77-room boutique hotel inspired by Teneriffe woolstores, a 400-seat music hall, and a world-first overwater pool deck. Substantial public realm upgrades include the 'Grand River Stair' amphitheatre, two new cliff lifts, and widened active transport pathways. The development aims to become the world's most sustainable precinct, targeting completion by 2028 ahead of the 2032 Brisbane Olympic Games.
James Place
James Place is a landmark mixed-use development by Forme at 75-85 James Street, Fortitude Valley. Designed by Richards & Spence with landscaping by Wild Studio and constructed by Graya, the six-level project features over 8,700sqm of premium boutique retail, hospitality, wellness, and commercial office space, a lush central piazza, dual street frontages, an arcade connecting James Street to Southwick Lane, landscaped terraces, and an elevated rooftop venue with city views. Construction commenced mid-2024, with completion targeted for early 2026.
Brunswick & Co
Queensland's first true Build-to-Rent high-density residential development featuring 366 apartments across 25 storeys, including 144 subsidised affordable housing units. The project showcases resort-style amenities including rooftop pool, dog park, fitness studio, co-working spaces, cinema rooms, and ground-floor retail. Designed by COX Architecture and built by Hutchinson Builders, it targets 5-Star Green Star certification with 100% renewable energy and all-electric design. Part of the Queensland Government's BTR Pilot Project, located adjacent to the $500 million Valley Metro redevelopment in Fortitude Valley's entertainment precinct.
The Bedford by Mosaic
Landmark $310 million 17-storey mixed-use development featuring 128 luxury apartments and ground-floor Woolworths supermarket. First major development in Kangaroo Point in over a decade, designed by BDA Architecture with resort-style amenities and river views. Achieved $210 million in pre-sales within first two weeks. Includes 2,236sqm Woolworths supermarket, cafe, liquor store, and extensive basement parking.
Skyring Terrace Road Upgrade
Major road infrastructure upgrade to widen Skyring Terrace with additional lanes in both directions, turning lanes, and high-quality active transport facilities to accommodate exponential growth in Newstead/Teneriffe area.
801 Ann Street Twin Towers
Approved dual 33-storey mixed-use tower development by EG Funds Management, designed by Rothelowman. Delivers 551 apartments (326 Build-to-Rent and 225 Build-to-Sell), over 1,000 sqm retail space, 300 sqm community facility operated by Little B.I.G Foundation, rooftop pools, BBQs, gym, wellness spa, library, and extensive subtropical landscaping including the publicly accessible Quandong Common. Targets 5 Star Green Star certification.
Employment
Employment conditions in New Farm remain below the national average according to AreaSearch analysis
New Farm has a highly educated workforce with strong representation in professional services. The unemployment rate was 4.6% as of September 2025. Employment growth over the past year was estimated at 1.1%.
As of that date, 8,937 residents were employed while the unemployment rate was 0.6% higher than Greater Brisbane's rate of 4.0%. Workforce participation was 74.7%, slightly higher than Greater Brisbane's 70.7%. According to Census responses, 29.4% of residents worked from home. Key industries for employment among residents were professional & technical, health care & social assistance, and accommodation & food.
Professional & technical services showed notable concentration with employment levels at 2.2 times the regional average. Construction had limited presence with 5.4% employment compared to 9.0% regionally. The area offered limited local employment opportunities as indicated by Census data on working population vs resident population. Between September 2024 and September 2025, employment levels increased by 1.1% and labour force grew by 1.0%, causing the unemployment rate to fall by 0.1 percentage points. In contrast, Greater Brisbane saw employment rise by 3.8%, labour force grow by 3.3%, and unemployment fall by 0.5 percentage points during the same period. Jobs and Skills Australia's national employment forecasts from May-25 suggest potential future demand within New Farm. These projections estimate national employment growth at 6.6% over five years and 13.7% over ten years, with varying rates across industry sectors. Applying these projections to New Farm's employment mix suggests local employment should increase by 7.5% over five years and 15.0% over ten years.
Frequently Asked Questions - Employment
Income
Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch
The New Farm SA2 had a median taxpayer income of $75,998 and an average income of $127,744 in the latest postcode level ATO data aggregated by AreaSearch for the financial year 2023. This is notably higher than Greater Brisbane's median income of $58,236 and average income of $72,799 during the same period. Based on Wage Price Index growth of 9.91% since the financial year 2023, estimated incomes as of September 2025 would be approximately $83,529 (median) and $140,403 (average). According to Census 2021 income data, individual earnings in New Farm stood out at the 92nd percentile nationally with a weekly income of $1,220. The earnings profile showed that the $1,500 - $2,999 bracket dominated with 29.1% of residents (4,092 people). This pattern was similar to regional levels where 33.3% of residents fell within this income range. Economic strength was evident through 33.8% of households achieving high weekly earnings exceeding $3,000, supporting elevated consumer spending. High housing costs consumed 16.0% of income, but strong earnings placed disposable income at the 70th percentile nationally. The area's SEIFA income ranking placed it in the 9th decile.
Frequently Asked Questions - Income
Housing
New Farm features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region
New Farm's dwelling structure, as per the latest Census, consisted of 20.9% houses and 79.1% other dwellings (semi-detached, apartments, 'other' dwellings), compared to Brisbane metro's 73.5% houses and 26.5% other dwellings. Home ownership in New Farm was at 24.6%, with mortgaged dwellings at 20.6% and rented ones at 54.9%. The median monthly mortgage repayment was $2,276, higher than Brisbane metro's average of $1,863. The median weekly rent in New Farm was $405, compared to Brisbane metro's $380. Nationally, New Farm's mortgage repayments exceeded the Australian average of $1,863, while rents were higher than the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
New Farm features high concentrations of lone person households and group households, with a lower-than-average median household size
Family households constitute 48.9% of all households, including 13.9% couples with children, 28.7% couples without children, and 5.0% single parent families. Non-family households comprise the remaining 51.1%, with lone person households at 42.3% and group households making up 8.8%. The median household size is 1.9 people, which is smaller than the Greater Brisbane average of 2.6.
Frequently Asked Questions - Households
Local Schools & Education
Educational achievement in New Farm places it within the top 10% nationally, reflecting strong academic performance and high qualification levels across the community
New Farm's residents aged 15+ have a notably high educational attainment, with 54.2% holding university qualifications compared to Queensland's 25.7% and Australia's 30.4%. Bachelor degrees are the most common at 35.1%, followed by postgraduate qualifications (14.0%) and graduate diplomas (5.1%). Vocational pathways account for 22.5%, including advanced diplomas (10.4%) and certificates (12.1%). Educational participation is significantly high, with 25.5% of residents currently enrolled in formal education.
This includes 9.9% in tertiary education, 5.0% in primary education, and 4.1% pursuing secondary education.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
New Farm has 57 active public transport stops operating, offering a mix of ferry and bus services. These are served by seven different routes, collectively facilitating 3,879 weekly passenger trips. The area's transport accessibility is rated excellent, with residents typically located 123 meters from the nearest stop. Primarily residential, most commuters travel outward; cars remain the dominant mode at 58%, followed by walking (14%) and bus use (also 14%). On average, there are 0.8 vehicles per dwelling, below the regional norm. Notably, 29.4% of residents work from home, a figure possibly influenced by COVID-19 conditions as reported in the 2021 Census.
Service frequency averages 554 trips daily across all routes, equating to approximately 68 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
New Farm's residents are healthier than average in comparison to broader Australia with prevalence of common health conditions quite low across both younger and older age cohorts
Health data shows positive outcomes for New Farm residents. Mortality rates and health conditions align with national benchmarks. Prevalence of common health conditions is low across both younger and older age groups.
Private health cover stands at approximately 80% of the total population (11,306 people), higher than Greater Brisbane's 55.8% and the national average of 55.7%. The most prevalent medical conditions are mental health issues (10.3%) and asthma (7.2%), with 70.0% of residents reporting no medical ailments, compared to 69.2% in Greater Brisbane. Under-65 population shows better than average health outcomes. New Farm has 19.6% of residents aged 65 and over (2,760 people), higher than Greater Brisbane's 15.2%. Health outcomes among seniors are strong, ranking even higher than the general population nationally.
Frequently Asked Questions - Health
Cultural Diversity
The level of cultural diversity witnessed in New Farm was found to be above average when compared nationally for a number of language and cultural background related metrics
New Farm had a higher cultural diversity than most local markets, with 17.0% speaking a language other than English at home and 29.9% born overseas. Christianity was the predominant religion in New Farm, comprising 43.6% of its population. Notably, Judaism was overrepresented in New Farm at 0.4%, compared to 0.1% across Greater Brisbane.
The top three ancestry groups were English (26.8%), Australian (17.6%), and Irish (12.5%). French (1.0%) was notably overrepresented compared to the regional average of 0.5%. Similarly, Scottish (9.3%) and Spanish (0.7%) had higher representations than their respective regional averages of 7.4% and 0.4%.
Frequently Asked Questions - Diversity
Age
New Farm's population aligns closely with national norms in age terms
The median age in New Farm is 40 years, which is higher than Greater Brisbane's average of 36 years and slightly exceeds the national average of 38 years. Compared to Greater Brisbane, New Farm has a notably higher proportion of people aged 25-34 (21.5%) and a lower proportion of those aged 5-14 (5.7%). The concentration of people aged 25-34 in New Farm is well above the national average of 14.4%. According to post-2021 Census data, the 75 to 84 age group has increased from 5.3% to 7.2% of the population, while the 25 to 34 cohort has decreased from 23.0% to 21.5%, and the 35 to 44 group has dropped from 15.6% to 14.2%. Population forecasts for 2041 indicate significant demographic changes in New Farm, with the 75 to 84 age group expected to grow by 58% (591 people), reaching 1,604 from 1,012. This growth is led by residents aged 65 and older representing 69% of anticipated population growth. Conversely, the 0 to 4 and 5 to 14 age groups are expected to experience population declines.