Newmarket

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

Newmarket's population was around 5,429 as of November 2025. This reflected an increase of 346 people since the 2021 Census, which reported a population of 5,083. The change was inferred from the estimated resident population of 5,419 in June 2024 and an additional 27 validated new addresses since the Census date. This level of population resulted in a density ratio 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 was 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 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 the ABS Greater Capital Region projections for each age cohort, released in 2023 based on 2022 data. Looking ahead, an above median population growth was projected for statistical areas analysed by AreaSearch, with Newmarket expected to grow by 749 persons to 2041 based on the latest annual ERP population numbers, 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 around 9 dwelling approvals per year. Between FY21 and FY25, 46 homes were approved, with an additional 5 approved so far in FY26. Over the past five financial years, approximately 1.1 people moved to the area for each dwelling built. However, this number increased to 41.2 people per dwelling over the past two financial years, indicating growing popularity and potential undersupply.

The average construction value of new homes is $525,000, suggesting a focus on premium developments. In FY26, $17.5 million in commercial approvals have been registered. Compared to Greater Brisbane, Newmarket has significantly lower construction levels (76.0% below the regional average per person), which generally supports stronger demand and values for established dwellings. This activity is also under the national average, suggesting the area's established nature and potential planning limitations. The building activity shows 80.0% detached houses and 20.0% townhouses or apartments, maintaining Newmarket's 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. The location has approximately 2243 people per dwelling approval, demonstrating an established market. Population forecasts indicate Newmarket will gain 739 residents by 2041. If current construction levels persist, housing supply could lag population growth, likely intensifying buyer competition and underpinning price growth.

Newmarket has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Changes to local infrastructure significantly affect an area's performance. AreaSearch has identified six projects that may impact the region. Notable ones include Victoria Park Stadium for the Brisbane 2032 Olympics, Zaria Residences Kelvin Grove, Eildon Hill Residences, and Brisbane Stadium at Victoria Park. The following list details 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 significant 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%. In September 2025, 3431 residents were employed, with an unemployment rate of 6.7%, which is 1.7% higher than Greater Brisbane's rate of 4.0%. Workforce participation in Newmarket was 72.7%, compared to Greater Brisbane's 64.5%. Employment is concentrated in health care & social assistance, professional & technical services, and education & training.

The area shows strong specialization in professional & technical services, with an employment share of 1.7 times the regional level. Manufacturing employs only 2.9% of local workers, below Greater Brisbane's 6.4%. Over the year 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. As of 25-Nov in Queensland, employment contracted by 0.01% (losing 1210 jobs), with the state unemployment rate at 4.2%, closely aligned with the national rate of 4.3%. Jobs and Skills Australia's national employment forecasts from May-25 suggest that national employment will expand by 6.6% over five years and 13.7% over ten years, but growth rates vary significantly between industry sectors. Applying these projections to Newmarket's employment mix indicates local employment should increase by 7.4% over five years and 14.9% over ten years.

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 2022 shows that Newmarket SA2 had a median income of $60,415 and an average income of $90,913. This is higher than Greater Brisbane's median income of $55,645 and average income of $70,520. Based on Wage Price Index growth of 13.99% since financial year 2022, current estimates for Newmarket SA2 would be approximately $68,867 (median) and $103,632 (average) as of September 2025. Census 2021 income data ranks household, family and personal incomes in Newmarket SA2 between the 81st and 81st percentiles nationally. The data shows that 27.5% of the population falls within the $1,500 - 2,999 income range, which is consistent with broader trends across the metropolitan region where 33.3% fall in the same category. A substantial proportion of high earners (38.3%) indicates strong economic capacity throughout the locality. Housing accounts for 14.6% of income and residents rank within the 81st 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, was 54.6% houses and 45.4% other dwellings (semi-detached, apartments, 'other' dwellings). In Brisbane metro, this was 36.5% houses and 63.6% other dwellings. Home ownership in Newmarket was 23.4%, with mortgaged dwellings at 30.3% and rented ones at 46.4%. The median monthly mortgage repayment in the area was $2,167, aligning with Brisbane metro's average. The median weekly rent figure was $383, compared to Brisbane metro's $410. Nationally, Newmarket's mortgage repayments were higher at $2,167 versus Australia's average of $1,863, and rents were also higher at $383 against 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 account for the remaining 37.2%, with lone person households at 26.8% and group households comprising 10.4% of the total. 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 residents aged 15+ have a higher proportion with university qualifications, at 52.0%, compared to Queensland's 25.7% and Australia's 30.4%. 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%, 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

The analysis indicates that Newmarket currently operates 19 active public transport stops. These include a mix of train and bus services. In total, these stops are serviced by 28 individual routes, which collectively facilitate 3,552 weekly passenger trips.

The report rates transport accessibility as excellent, with residents typically located just 193 meters from the nearest stop. On average, service frequency stands at 507 trips per day 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 shows Newmarket performed well on health metrics, with low prevalence of common conditions across all ages. Private health cover was high at approximately 67% (3,621 people), compared to Greater Brisbane's 71.3%. Nationally, it averages 55.3%.

The most prevalent conditions were mental health issues (11.3%) and asthma (7.6%), with 72.3% reporting no medical ailments, compared to 73.7% in Greater Brisbane. Newmarket has 11.0% seniors (596 people), lower than Greater Brisbane's 12.2%. Seniors' health outcomes align with the general population's profile.

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 shows higher cultural diversity than most local areas, with 26.3% born overseas and 16.9% speaking a language other than English at home. Christianity is the predominant religion in Newmarket, accounting for 44.5%. Hinduism is notably overrepresented compared to Greater Brisbane, comprising 3.2% vs 2.7%.

The top three ancestry groups are English (25.4%), Australian (22.0%), and Irish (11.6%). Some ethnic groups have notable differences in representation: Scottish at 9.9% (vs regional 8.7%), Sri Lankan at 0.4% (vs 0.2%), and Welsh at 0.6% (vs 0.7%).

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

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