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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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
What it costs to rent in New Farm
Median weekly rents, year-on-year movement and bond-lodgement activity for New Farm (4006). Sourced from the NSW Rental Bond Board, DCJ Family & Community Services.
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| Dwelling | Bedrooms | Median $/wk | Active bonds | New bonds (Qtr) | YoY | Quality |
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SOURCE: NSW Rental Bond Board (DCJ Family & Community Services), processed by AreaSearch. Imputed values are flagged. Latest publication:
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 was approximately 13,895 as of May 2026. This figure represents a growth of 1,441 people since the 2021 Census, which recorded a population of 12,454. The increase is inferred from ABS data showing an estimated resident population of 13,880 in June 2025 and an additional 152 validated new addresses since the Census date. This results in a population density ratio of 6,493 persons per square kilometer, placing New Farm among the top 10% of locations assessed by AreaSearch. The area's 11.6% growth between the 2021 Census and May 2026 exceeds both national (9.3%) and state averages, indicating strong population growth. Overseas migration was the primary driver of this growth.
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 or years post-2032, Queensland State Government's SA2 area projections from 2023 are adopted, using proportional growth weightings based on ABS Greater Capital Region projections released in 2023. By 2041, New Farm is expected to increase by approximately 1,438 persons, reflecting a total increase of 10.2% over the 16-year period.
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 recorded approximately 45 residential properties granted approval annually. Over the past five financial years, from FY21 to FY25, around 225 homes were approved, with an additional 55 approved in FY26 so far. On average, each dwelling constructed over these years accommodated about 1.4 new residents yearly. However, this figure has recently accelerated to 15.7 people per dwelling over the past two financial years, suggesting increasing demand and tightening supply.
The average construction value of development projects was $574,000, indicating a focus on premium market segments with higher-end properties. This year alone, New Farm registered $21.4 million in commercial approvals, reflecting steady commercial investment activity. Compared to Greater Brisbane, New Farm has significantly lower building activity, at 76.0% below the regional average per person. This scarcity typically strengthens demand and prices for existing properties. Furthermore, New Farm's building activity consists of approximately 15.0% detached dwellings and 85.0% attached dwellings, reflecting a trend towards denser development that caters to downsizers, investors, and entry-level buyers. As of now, New Farm indicates a mature market with around 527 people per approval.
Looking ahead, the latest AreaSearch quarterly estimate projects New Farm's population to grow by 1,423 residents through to 2041, with development keeping pace with this projected growth, potentially increasing competition among buyers as the population expands.
Frequently Asked Questions - Development
Development applications around New Farm
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| Lodged | Address | Description | Type | Distance | Status |
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SOURCE: Planning portals and council registers, compiled by AreaSearch. Distance & bearing measured from the suburb midpoint.
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 54 projects likely to impact the area. Notable projects include James Place, James Place, Moray House, and Howard Smith Wharves. The following details those likely to be 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 precinct transformation of the Eagle Street Pier and Waterfront Place area. The development includes two premium-grade office towers (49 and 43 levels), approximately 120,000 sqm of office space, and a revitalized riverfront retail dining hub. Key features include 9,000 sqm of public open space, a new civic plaza, and a significant upgrade to the Riverwalk, widening it up to 17m in sections to enhance cyclist and pedestrian connectivity in the Brisbane CBD.
Teneriffe Banks
Teneriffe Banks is a $1.5 billion riverfront mixed-use precinct by Kokoda Property on a 17,612 sqm former industrial site in Teneriffe. The precinct is planned to include 212 luxury residences across four architecturally distinct residential buildings, Brisbane's first Kimpton Hotel, extensive retail, hospitality and wellness amenities, boutique laneways, more than 10,000 sqm of landscaped grounds and gardens, and a revitalised riverfront. Versatile Construction has been appointed as builder, with construction scheduled to commence in December 2025 and staged delivery from 2028.
City Reach Waterfront Master Plan
A $2.1 billion revitalisation of Brisbane's 1.2-kilometre CBD waterfront framework. The plan features the Dexus 'Waterfront Brisbane' development, which replaces the Eagle Street Pier with two premium office towers, a widened 6-metre to 14-metre public Riverwalk, and 7,000 square metres of new public realm. The master plan enhances river access, heritage preservation of Naldham House, and integration with the Kangaroo Point Green Bridge to create a world-class destination precinct.
Howard Smith Wharves Expansion
The Howard Smith Wharves Expansion is a 450 million AUD revitalisation of the iconic Brisbane riverfront precinct by Artemus Group. The project features a new 9-storey, 77-room boutique hotel inspired by heritage woolstores, a 400-seat music hall, and an 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 a world-leading sustainable precinct, targeting completion by 2028 ahead of the 2032 Brisbane Olympic Games.
Queensland Schools Infrastructure Program
A state-wide capital works initiative by the Department of Education investing 1.72 billion AUD during 2025-26 to build, maintain, and modernize school facilities. The program is delivering 15 new schools, including 6 special schools, and hundreds of infrastructure upgrades such as robotics labs, media centres, and discovery centres to support fast-growing communities and future-focused learning across Queensland.
James Place
James Place is a major mixed-use precinct by Forme at 75-85 James Street, Fortitude Valley. Designed by Richards & Spence, built by Graya and landscaped by Wild Studio, the seven-level project includes about 4,200 sqm of retail, 4,500 sqm of office space, hospitality tenancies, landscaped terraces, 190 car spaces and a central piazza connecting the James Street precinct. The project is under construction, with Forme reporting a construction timeline from mid 2024 to early 2027 and recent updates noting the structure is rising above ground.
Howard Smith Wharves
Heritage-listed 3.5-hectare riverside precinct beneath the Story Bridge transformed by Artemus Group into a world-class hospitality and entertainment destination featuring 13 restaurants, bars, a craft brewery, event spaces and the Fantauzzo Art Series Hotel. A Stage 2 development application lodged September 2024 proposes a nine-storey 77-room boutique hotel replacing Felons Barrel Hall, an overwater pool deck and bar, a music hall, two new cliff lifts, floating brewhouse, rooftop gardens, enhanced public parklands and boardwalks. The precinct is positioned as a key Brisbane 2032 Olympics tourism gateway, with completion of Stage 2 targeted ahead of the Games.
Fortitude Valley Sustainable Growth Precinct Plan
Brisbane City Council's Fortitude Valley Sustainable Growth Precinct Plan is a long-term precinct renewal initiative focused on delivering thousands of new homes and supporting economic revitalisation ahead of the Brisbane 2032 Olympic and Paralympic Games. The plan covers land surrounding Fortitude Valley Station and key sections of Wickham, Ann and Brunswick streets. It aims to increase building heights in strategic locations to support mixed-use communities combining new housing, retail, entertainment and connected public spaces, while protecting the precinct's live music and cultural character. Stage 1 community engagement closed February 2026; a draft precinct plan is expected late 2026 with state and council approval targeted for 2027.
Employment
Employment conditions in New Farm remain below the national average according to AreaSearch analysis
New Farm has an educated workforce with strong professional services representation. Its unemployment rate was 5.0% in the past year, showing a growth of 0.9%. As of December 2025, 8,980 residents were employed, with an unemployment rate of 5.9%, slightly above Greater Brisbane's 4.1%.
Workforce participation was 74.4%, close to Greater Brisbane's 69.6%. Notably, 29.4% of residents worked from home, potentially influenced by Covid-19 lockdowns. Key industries include professional & technical services, health care & social assistance, and accommodation & food. New Farm specializes in professional & technical jobs, with an employment share 2.2 times the regional level.
However, construction is under-represented at 5.4%, compared to Greater Brisbane's 9.0%. Limited local job opportunities are suggested by Census data comparing working population to resident population. Between December 2024 and December 2025, employment increased by 0.9% while labour force grew by 1.5%, resulting in a 0.5 percentage point rise in unemployment. In contrast, Greater Brisbane saw employment growth of 3.2% and a slight fall in unemployment. National employment forecasts from Jobs and Skills Australia suggest total employment should increase by 6.6% over five years and 13.7% over ten years. Applying these projections to New Farm's industry mix indicates local employment could grow by 7.5% over five years and 15.0% over ten years, though this is a simplified extrapolation for illustrative purposes only.
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
According to AreaSearch's aggregation of ATO data released for financial year 2023, New Farm SA2 had a median income among taxpayers of $75,998 and an average level of $127,744. Nationally, this places New Farm in the top percentile. In Greater Brisbane, median and average incomes were $58,236 and $72,799 respectively. By March 2026, estimated incomes would be approximately $84,631 (median) and $142,256 (average), based on Wage Price Index growth of 11.36% since financial year 2023. According to the 2021 Census, individual earnings in New Farm stood at the 92nd percentile nationally ($1,220 weekly). Income analysis shows that 29.1% of individuals (4,043) fall within the $1,500 - 2,999 earnings band, aligning with regional levels where this cohort represents 33.3%. Economic strength is evident through 33.8% of households achieving high weekly earnings exceeding $3,000, supporting elevated consumer spending. High housing costs consume 16.0% of income, but strong earnings place disposable income at the 70th percentile. The area's SEIFA income ranking places 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). Brisbane metro had 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 in the area was $2,276, compared to Brisbane metro's $1,863. Median weekly rent in New Farm was $405, while Brisbane metro had $380. Nationally, New Farm's mortgage repayments were higher at $2,276 versus Australia's average of $1,863. Rents in New Farm exceeded the national figure of $375 at $405.
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 account for 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 make up the remaining 51.1%, with lone person households at 42.3% and group households comprising 8.8%. The median household size is 1.9 people, 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 educational attainment exceeds broader standards. Among residents aged 15+, 54.2% possess university qualifications, surpassing Queensland's 25.7% and Australia's 30.4%. Bachelor degrees are most prevalent at 35.1%, followed by postgraduate qualifications (14.0%) and graduate diplomas (5.1%). Vocational paths account for 22.5%, with advanced diplomas at 10.4% and certificates at 12.1%.
Educational participation is high, with 25.5% currently enrolled in formal education. This includes 9.9% in tertiary, 5.0% in primary, and 4.1% in 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, offering a mix of ferry and bus services. These are operated by seven routes, collectively serving 3,879 weekly passenger trips. The area's transport accessibility is rated excellent, with residents typically located 123 meters from the nearest stop. Most residents commute outward daily. Car remains the dominant mode at 58%, with 14% walking and 14% using buses. Vehicle ownership averages 0.8 per dwelling, below the regional average.
According to the 2021 Census, 29.4% of residents work from home, which may reflect COVID-19 conditions. Service frequency averages 554 trips per day 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 is high at approximately 80% (11,171 people), compared to 55.8% in Greater Brisbane and a national average of 55.7%. The most common medical conditions are mental health issues (10.3%) and asthma (7.2%), with 70.0% reporting no medical ailments, compared to 69.2% across Greater Brisbane. Under-65 residents have better than average health outcomes. As of 2021, 19.1% of residents are aged 65 and over (2,648 people), higher than the 15.1% in Greater Brisbane. Senior health outcomes rank nationally higher than the general population.
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, surveyed in June 2016, had a higher linguistic diversity than most local areas, with 17.0% of residents speaking a language other than English at home and 29.9% born overseas. Christianity was the predominant religion, accounting for 43.6% of New Farm's population. Notably, Judaism was overrepresented in New Farm compared to Greater Brisbane, comprising 0.4% versus 0.1%.
In terms of ancestry, the top three groups were English (26.8%), Australian (17.6%, lower than the regional average of 23.2%), and Irish (12.5%). Some ethnic groups showed significant differences: French was overrepresented at 1.0% versus 0.5% regionally, Scottish at 9.3% versus 7.4%, and Spanish at 0.7% versus 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 39 years, slightly higher than Greater Brisbane's average of 36 years and close to Australia's median of 38 years. Compared to Greater Brisbane, New Farm has a higher proportion of residents aged 25-34 (23.7%) but fewer residents aged 5-14 (5.5%). This 25-34 concentration is significantly higher than the national average of 14.6%. Between the 2021 Census and now, the population aged 75 to 84 has grown from 5.3% to 6.7%, while the 35 to 44 age group has declined from 15.6% to 14.5%. By 2041, New Farm's age composition is expected to change significantly. The 75 to 84 age group is projected to grow by 60%, reaching 1,492 people from the current 933. This growth will be led by those aged 65 and above, who are expected to comprise 68% of the population growth. Conversely, population declines are projected for the 5-14 and 0-4 age groups.