Newmarket

Newmarket has seen population growth performance typically on par with national averages when looking at short and medium term trends

Based on AreaSearch's analysis, Newmarket's population was around 5429 as of February 2026. This reflected an increase of 346 people, a 6.8% rise since the 2021 Census which reported a population of 5083 people. The change was inferred from the estimated resident population of 5419 in June 2024 and an additional 27 validated new addresses since the Census date. This resulted in a population density ratio of 3270 persons per square kilometer, placing Newmarket in the upper quartile relative to national locations assessed by AreaSearch. Overseas migration primarily drove population growth, contributing approximately 78.9% of overall population gains during recent periods.

AreaSearch adopted 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 were used, released in 2023 based on 2021 data. However, these state projections did not provide age category splits, so AreaSearch applied proportional growth weightings in line with ABS Greater Capital Region projections for each age cohort, released in 2023 and based on 2022 data. Based on demographic trends and the latest annual ERP population numbers, Newmarket is expected to grow by 749 persons to 2041, reflecting a total increase of 13.6% over the 17 years.

AreaSearch assessment of residential development drivers sees a low level of activity in Newmarket, placing the area among the bottom 25% of areas assessed nationally

Newmarket has recorded approximately 9 residential properties granted approval each year. Over the past five financial years, from FY21 to FY25, a total of 46 homes were approved, with an additional 5 approved so far in FY26. The average population increase for each dwelling built over these five years was 1.1 people per year. However, this figure has intensified to 41.2 people per dwelling over the past two financial years, indicating growing popularity and potential undersupply.

New homes are being constructed at an average value of $525,000, reflecting a focus on the premium market by developers. In FY26, commercial approvals valued at $17.5 million have been registered, demonstrating steady commercial investment activity in the area. When compared to Greater Brisbane, Newmarket shows substantially reduced construction levels, with 76.0% below the regional average per person. This limited new supply generally supports stronger demand and values for established dwellings. The location has approximately 2243 people per dwelling approval, indicating an established market.

Population forecasts suggest that Newmarket will gain 739 residents by 2041, according to the latest AreaSearch quarterly estimate. New building activity in Newmarket shows 80.0% detached houses and 20.0% townhouses or apartments, maintaining the area's traditional suburban character with a focus on family homes appealing to those seeking space. Developers are building more traditional houses than the current mix suggests (55.0% at Census), indicating continued strong demand for family homes despite density pressures. Should current construction levels persist, housing supply could lag population growth, likely intensifying buyer competition and underpinning price growth in the area.

Newmarket has strong levels of nearby infrastructure activity, ranking in the top 30% nationally

Changes in local infrastructure significantly affect an area's performance. AreaSearch has identified six projects that could impact this region. Notable ones are Victoria Park Stadium (Brisbane Stadium), Ile Ashgrove, New Brisbane Stadium (Victoria Park Olympic Stadium), and Zaria Residences Kelvin Grove. The following list provides details on those most relevant.

Professional plan users can use the search below to filter and access additional projects.

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.

Newmarket has seen below average employment performance when compared to national benchmarks

Newmarket has a highly educated workforce with strong representation in professional services. The unemployment rate was 5.7% as of September 2025. Employment growth over the past year was estimated at 0.7%.

As of September 2025, 3,431 residents were employed, with an unemployment rate of 6.7%, 1.7% higher than Greater Brisbane's rate of 4.0%. Workforce participation in Newmarket was 77.9%, compared to Greater Brisbane's 70.7%. According to Census responses, 25.1% of residents worked from home. Employment is concentrated in health care & social assistance, professional & technical services, and education & training.

The area has a particularly strong specialization in professional & technical services, with an employment share 1.7 times the regional level. Manufacturing employs only 2.9% of local workers, below Greater Brisbane's 6.4%. Over the 12 months to September 2025, employment increased by 0.7%, while labour force increased by 0.6%, leaving unemployment broadly flat. In contrast, Greater Brisbane saw employment grow by 3.8%, labour force expand by 3.3%, and unemployment fall by 0.5 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 suggest that Newmarket's employment should increase by 7.4% over five years and 14.9% over ten years, based on industry-specific projections applied to the local employment mix.

Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch

AreaSearch's latest postcode level ATO data for financial year 2023 shows that Newmarket SA2 has extremely high national incomes. The median income is $62,588 and the average income stands at $87,830. This contrasts with Greater Brisbane's figures of a median income of $58,236 and an average income of $72,799. Based on Wage Price Index growth of 9.91% since financial year 2023, current estimates would be approximately $68,790 (median) and $96,534 (average) as of September 2025. Census 2021 income data shows that Newmarket's household, family, and personal incomes rank highly nationally, between the 81st and 81st percentiles. The data reveals that 27.5% of the population (1,492 individuals) fall within the $1,500 - $2,999 income range, consistent with broader trends across the metropolitan region showing 33.3% in the same category. A substantial proportion of high earners (38.3%) are above $3,000/week, indicating strong economic capacity throughout the locality. Housing accounts for 14.6% of income while strong earnings rank residents within the 81st percentile for disposable income and the area's SEIFA income ranking places it in the 9th decile.

Newmarket displays a diverse mix of dwelling types, with a higher proportion of rental properties than the broader region

Newmarket's dwelling structures, as per the latest Census, consisted of 54.6% houses and 45.4% other dwellings (semi-detached, apartments, 'other' dwellings). Brisbane metro had a higher percentage of houses at 73.5%, with 26.5% being other dwellings. Home ownership in Newmarket stood at 23.4%, lower than Brisbane metro's level. The remaining dwellings were either mortgaged (30.3%) or rented (46.4%). The median monthly mortgage repayment in Newmarket was $2,167, higher than the Brisbane metro average of $1,863 and the Australian average of $1,863. The median weekly rent figure for Newmarket was recorded at $383, compared to Brisbane metro's $380 and the national figure of $375.

Newmarket features high concentrations of group households, with a lower-than-average median household size

Family households constitute 62.8% of all households, including 29.0% couples with children, 24.0% couples without children, and 7.6% single parent families. Non-family households comprise the remaining 37.2%, with lone person households at 26.8% and group households making up 10.4%. The median household size is 2.5 people, which is smaller than the Greater Brisbane average of 2.6.

Educational achievement in Newmarket places it within the top 10% nationally, reflecting strong academic performance and high qualification levels across the community

Newmarket's educational attainment exceeds broader standards. Among residents aged 15+, 52.0% possess university qualifications, surpassing Queensland's 25.7% and Australia's 30.4%. University degrees are most common at 33.9%, followed by postgraduate qualifications (13.2%) and graduate diplomas (4.9%). Vocational pathways account for 22.8%, with advanced diplomas at 9.1% and certificates at 13.7%.

Educational participation is high, with 34.2% currently enrolled in formal education. This includes 13.1% in tertiary education, 7.7% in primary education, and 7.5% pursuing secondary education.

Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Newmarket has 19 active public transport stops offering a mix of train and bus services. These stops are served by 30 routes, collectively providing 3,642 weekly passenger trips. Transport accessibility is excellent, with residents typically located 193 meters from the nearest stop. Most residents commute outward daily. Car remains the dominant mode at 70%, followed by train at 11% and bus at 10%. Vehicle ownership averages 1.2 per dwelling, below the regional average.

According to the 2021 Census, 25.1% of residents work from home, which may reflect COVID-19 conditions. Service frequency averages 520 trips per day across all routes, equating to approximately 191 weekly trips per individual stop.

Health performance in Newmarket is lower than average with common health conditions somewhat prevalent across both younger and older age cohorts

Newmarket faces significant health challenges based on AreaSearch's assessment. Mortality rates and chronic condition prevalence are high, with common health conditions prevalent across both younger and older age cohorts. Private health cover is exceptionally high at approximately 63% of the total population (3,436 people), compared to 55.8% across Greater Brisbane and 55.7% nationally.

Mental health issues impact 11.3% of residents, while asthma impacts 7.6%. 72.3% declare themselves completely clear of medical ailments, compared to 69.2% across Greater Brisbane. The under-65 population demonstrates better than average health outcomes. The area has 11.4% of residents aged 65 and over (618 people), which is lower than the 15.2% in Greater Brisbane. Health outcomes among seniors are particularly strong, with national rankings even higher than the general population.

The level of cultural diversity witnessed in Newmarket was found to be slightly above average when compared nationally for a number of language and cultural background related metrics

Newmarket's population showed higher cultural diversity than most local areas, with 26.3% born overseas and 16.9% speaking a language other than English at home. Christianity was the predominant religion in Newmarket, accounting for 44.5%. Hinduism had a notable presence of 3.2%, exceeding Greater Brisbane's average of 2.2%.

The top three ancestral groups were English (25.4%), Australian (22.0%), and Irish (11.6%). Some ethnicities showed significant differences: Scottish at 9.9% in Newmarket versus 7.4% regionally, Sri Lankan at 0.4% compared to 0.2%, and Welsh at 0.6% versus 0.5%.

Newmarket's young demographic places it in the bottom 15% of areas nationwide

Newmarket's median age is 33 years, which is slightly younger than Greater Brisbane's average of 36 and significantly lower than the national average of 38. Compared to Greater Brisbane, Newmarket has a higher proportion of residents aged 15-24 (19.6%), but fewer residents aged 5-14 (9.6%). This concentration of 15-24 year-olds is well above the national average of 12.5%. According to post-2021 Census data, the proportion of residents aged 15-24 has increased from 18.1% to 19.6%, while the proportion of residents aged 45-54 has declined from 13.2% to 12.0%. Demographic modeling suggests that Newmarket's age profile will significantly change by 2041. The strongest projected growth is in the 55-64 cohort, with a 27% increase adding 155 residents to reach 730. However, population declines are projected for the 0-4 and 35-44 cohorts.