Newmarket
Statistical Area - sa2

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

Newmarket's population is approximately 5,429 as of November 2025. This figure represents an increase of 346 people since the 2021 Census, which reported a population of 5,083. The change is inferred from the estimated resident population of 5,419 in June 2024 and an additional 27 validated new addresses since the Census date. This results in a population density of 3,270 persons per square kilometer, placing Newmarket in the upper quartile relative to national locations assessed by AreaSearch. The area's growth rate of 6.8% since the census is within 2.1 percentage points of the national average (8.9%), indicating competitive growth fundamentals. Overseas migration contributed approximately 78.9% of overall population gains during recent periods, driving primary population growth in Newmarket.

AreaSearch adopts 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 are adopted, released in 2023 based on 2021 data. However, these state projections do not provide age category splits, so AreaSearch applies proportional growth weightings in line with the ABS Greater Capital Region projections for each age cohort, released in 2023 based on 2022 data. Looking ahead, Newmarket is projected to experience above median population growth, with an expected increase of 749 persons by 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 received approximately 9 dwelling approvals per year. Between financial years FY-21 and FY-25, 46 homes were approved, with an additional 3 approved so far in FY-26. Over the past five financial years, an average of 1.1 people moved to the area for each dwelling built. However, this has increased to 41.2 people per dwelling over the past two financial years, suggesting growing popularity and potential undersupply.

The average construction value of new homes is $525,000, indicating a focus on the premium market. This year, $17.5 million in commercial approvals have been registered. Compared to Greater Brisbane, Newmarket has significantly lower construction levels, at 76.0% below the regional average per person. This limited new supply generally supports stronger demand and values for established dwellings. The area's building activity consists of 80.0% detached houses and 20.0% townhouses or apartments, maintaining its traditional suburban character with a focus on family homes.

Interestingly, developers are building more traditional houses than the current mix suggests (55.0% at Census), indicating strong demand for family homes despite density pressures. Newmarket has approximately 2243 people per dwelling approval, demonstrating an established market. Population forecasts indicate that Newmarket will gain 739 residents by 2041. If current construction levels persist, housing supply may lag population growth, potentially intensifying buyer competition and underpinning price growth.

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's 2032 Olympic Stadium), Zaria Residences Kelvin Grove, Eildon Hill Residences, and Ile Ashgrove. The following list details those most likely to be relevant.

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

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Employment performance in Newmarket has been broadly consistent with national averages

Newmarket has a highly educated workforce with professional services well represented. The unemployment rate was 5.1% in the past year, with an estimated employment growth of 4.5%.

As of June 2025, 3,560 residents are employed, with an unemployment rate of 5.1%, which is 1.0% higher than Greater Brisbane's rate of 4.1%. Workforce participation in Newmarket is 72.7%, compared to Greater Brisbane's 64.5%. Key employment sectors include health care & social assistance, professional & technical services, and education & training. The area specializes particularly in professional & technical services, with an employment share of 1.7 times the regional level.

Manufacturing employs only 2.9% of local workers, lower than Greater Brisbane's 6.4%. Over the year to June 2025, employment increased by 4.5%, while labour force grew by 2.9%, leading to a decrease in unemployment rate by 1.5 percentage points. In comparison, Greater Brisbane saw employment grow by 4.4%, labour force expand by 4.0%, and unemployment fall by 0.4 percentage points. National employment forecasts from Jobs and Skills Australia, issued in May 2025, project national growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Newmarket's employment mix suggests local growth of approximately 7.4% over five years and 14.9% over ten years, though these are simple extrapolations for illustrative purposes only.

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

AreaSearch's data for financial year 2022 shows Newmarket's median income at $60,415 and average income at $90,913. This is higher than Greater Brisbane's median of $55,645 and average of $70,520. By September 2025, estimated incomes would be around $68,867 (median) and $103,632 (average), based on a 13.99% Wage Price Index growth since financial year 2022. Census 2021 data ranks Newmarket's household, family, and personal incomes between the 81st and 82nd percentiles nationally. In Newmarket, 27.5% of residents earn between $1,500 - 2,999 weekly, compared to 33.3% across metropolitan Brisbane. Notably, 38.3% of Newmarket's population earns above $3,000 weekly, indicating strong economic capacity. Housing expenses consume 14.6% of income, and residents rank in the 82nd percentile for disposable income. The area's SEIFA income ranking places it in the 9th decile.

Newmarket displays a diverse mix of dwelling types, with above-average rates of outright home ownership

The dwelling structure in Newmarket, as per the latest Census, consisted of 54.6% houses and 45.4% other dwellings such as semi-detached homes, apartments, and 'other' dwellings. In comparison, Brisbane metro had 36.5% houses and 63.6% other dwellings. Home ownership in Newmarket was at 23.4%, with the remaining dwellings either mortgaged (30.3%) or rented (46.4%). The median monthly mortgage repayment in Newmarket was $2,167, aligning with Brisbane metro's average. The median weekly rent figure in Newmarket was $383, compared to Brisbane metro's $410. Nationally, Newmarket's median monthly mortgage repayments were higher at $2,167 compared to the Australian average of $1,863. Similarly, rents in Newmarket exceeded the national figure of $375.

Newmarket features high concentrations of group households, with a higher-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 comprising 10.4%. The median household size is 2.5 people, larger than the Greater Brisbane average of 2.2.

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, with 52.0% of residents aged 15+ holding university qualifications compared to 25.7% in Queensland and 30.4% nationally. Bachelor degrees are the most common at 33.9%, followed by postgraduate qualifications (13.2%) and graduate diplomas (4.9%). Vocational pathways account for 22.8% of qualifications among those aged 15+, including advanced diplomas (9.1%) and certificates (13.7%). Educational participation is high, with 34.2% of residents currently enrolled in formal education, comprising 13.1% in tertiary, 7.7% in primary, and 7.5% in secondary education.

Newmarket State School and St Ambrose's Primary School serve a total of 588 students, with an ICSEA score of 1147 indicating significant socio-educational advantages and academic achievement. Both schools focus on primary education, with secondary options available nearby. The area has 10.8 school places per 100 residents, below the regional average of 13.7, suggesting some students may attend schools in adjacent areas.

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

The analysis shows 19 active public transport stops in Newmarket. These include a mix of train and bus services. There are 28 individual routes operating, serving a total of 3,552 weekly passenger trips.

The average distance from residents to the nearest stop is 193 meters. Daily service frequency averages 507 trips across all routes, equating to approximately 186 weekly trips per individual stop.

Newmarket's residents are extremely healthy with very low prevalence of common health conditions across all age groups

Analysis of health metrics shows strong performance throughout Newmarket. Prevalence of common health conditions is very low across all age groups. Private health cover rate is exceptionally high at approximately 67% of the total population (3,621 people), compared to 71.3% across Greater Brisbane and a national average of 55.3%.

The most common medical conditions are mental health issues impacting 11.3% of residents and asthma impacting 7.6%. A total of 72.3% of residents declare themselves completely clear of medical ailments, compared to 73.7% across Greater Brisbane. Newmarket has 11.0% of residents aged 65 and over (596 people), lower than the 12.2% in Greater Brisbane. Health outcomes among seniors are particularly strong, broadly in line with the general population's health profile.

Newmarket was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range 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% of its population. Hinduism was overrepresented compared to Greater Brisbane, at 3.2% versus 2.7%.

The top three ancestry groups were English (25.4%), Australian (22.0%), and Irish (11.6%). Some ethnic groups showed notable differences: Scottish was overrepresented at 9.9%, Sri Lankan at 0.4%, and German at 3.9% compared to regional figures of 8.7%, 0.2%, and 4.0% respectively.

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

Newmarket's median age is 33 years, which is younger than the Greater Brisbane average of 36 years and significantly lower than the national average of 38 years. Compared to Greater Brisbane, Newmarket has a higher percentage of residents aged 15-24 (19.4%) but fewer residents aged 5-14 (9.7%). This concentration of 15-24 year-olds is well above the national average of 12.5%. According to post-2021 Census data, the percentage of residents aged 15-24 has increased from 18.1% to 19.4%, while the percentage of residents aged 45-54 has declined from 13.2% to 12.2%. Demographic modeling suggests that Newmarket's age profile will change significantly by 2041. The 55-64 cohort is projected to grow by 32%, adding 177 residents to reach a total of 730. However, population declines are projected for the 5-14 and 0-4 cohorts.