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2021 Census | -- people
Sales Activity
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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
As of November 2025, New Farm's population is estimated at around 13,536, reflecting an increase of 1,339 people since the 2021 Census. The ABS ERP estimate for surrounding areas applied to New Farm by AreaSearch in June 2024 was 13,441, with an additional 152 validated new addresses since the Census date. This results in a population density of 6,570 persons per square kilometer, placing New Farm in the top 10% of national locations assessed by AreaSearch. The suburb's 11.0% growth rate since the 2021 census exceeds both the national average (8.9%) and state average, indicating strong population growth. Overseas migration was the primary driver of this growth during recent periods. 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 released in 2023 based on 2021 data are used, applying proportional growth weightings from ABS Greater Capital Region projections for each age cohort where necessary. By 2041, New Farm is expected to increase by approximately 1,680 persons, reflecting an overall increase of 11.9% over the 17-year period based on aggregated SA2-level projections.
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 averaged approximately 44 new dwelling approvals per year based on AreaSearch analysis of ABS building approval numbers. Over the past five financial years, from FY21 to FY25, around 222 homes were approved, with an additional 6 approved so far in FY26. On average, about 1.4 new residents arrived per new home over these five years, suggesting balanced supply and demand conditions. However, recent data indicates a higher ratio of 15.8 people per dwelling over the past two financial years, potentially indicating growing popularity and undersupply.
The average value of new homes being built is around $945,000, reflecting developers' focus on the premium market with high-end developments. Commercial approvals totalled $21.4 million in FY26, suggesting balanced commercial development activity. Compared to Greater Brisbane, New Farm has significantly less development activity, at 77.0% below the regional average per person. This scarcity typically strengthens demand and prices for existing properties. The market is also lower than the national average, reflecting maturity and possible development constraints. Building activity shows a trend towards denser development, with 16.0% detached houses and 84.0% attached dwellings, providing accessible entry options appealing to downsizers, investors, and entry-level buyers.
With around 473 people per dwelling approval, New Farm indicates a developed market. Population forecasts estimate New Farm will gain approximately 1,611 residents by 2041 according to the latest AreaSearch quarterly estimate. Construction is maintaining a reasonable pace with projected growth, although buyers may face increasing competition as population increases.
Frequently Asked Questions - Development
Infrastructure
New Farm has very high levels of nearby infrastructure activity, ranking in the top 10% nationally
Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified 44 projects likely impacting the region. Notable initiatives include Teneriffe Banks, 424 Bowen Terrace Development Site, Waterfront Brisbane, and James Place. The following details projects expected to be most relevant.
Professional plan users can use the search below to filter and access additional projects.
INFRASTRUCTURE SEARCH
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Frequently Asked Questions - Infrastructure
Brisbane 2032 Games Venue Infrastructure Program
The $7.1 billion Games Venue Infrastructure Program involves the planning and delivery of 17 new and upgraded venues across Queensland, including the new 63,000-seat Brisbane Stadium at Victoria Park and the National Aquatic Centre. Led by the Games Independent Infrastructure and Coordination Authority (GIICA), the program aims to deliver long-term sporting and community legacy benefits for Brisbane and regional Queensland.
Waterfront Brisbane
Major mixed-use redevelopment of the Eagle Street Pier and Waterfront Place precinct by Dexus. Delivers two premium-grade office towers (46 and 49 levels), 14,000 sqm of retail and dining, a new 15-metre-wide Riverwalk, over 9,000 sqm of public open space including waterfront terraces and a large civic plaza, and improved pedestrian connections between the Brisbane CBD and the river.
Teneriffe Banks
Brisbane's largest private mixed-use riverfront development by Kokoda Property. Five towers delivering 213 luxury residential apartments, Brisbane's first Kimpton Hotel (163 keys), commercial office space, riverfront dining, retail and over 4,800 sqm of public waterfront amenities including a 220 m riverwalk extension. Staged construction is underway with first completions expected 2027.
Howard Smith Wharves
Award-winning riverside lifestyle and entertainment precinct under the Story Bridge. Original phase completed 2018. Current expansion includes a new 5-star 77-room boutique hotel with overwater pool deck, day spa, 400-seat music hall, additional restaurants and bars, upgraded public realm and enhanced active transport connections. Development application approved by Brisbane City Council in late 2024, targeting completion in 2027-2028 well ahead of the 2032 Brisbane Olympic and Paralympic Games.
Waterfront Newstead - Mirvac Masterplan
Long-running, $1 billion masterplanned community and urban renewal project by Mirvac along the Brisbane River. The precinct includes luxury apartments, build-to-rent housing (LIV Anura), commercial and retail spaces, and over 50% dedicated public parkland and open space. The 'Sky Precinct' is the latest phase, with Quay (135 apartments) recently completed, Isle (133 apartments) under construction with expected completion in 2026, and the final residential tower (Sky Stage 3, 138 apartments) approved.
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.
Employment
Employment performance in New Farm has been broadly consistent with national averages
New Farm has a highly educated workforce with strong representation in professional services. The unemployment rate was 4.3% as of June 2025, with an estimated employment growth of 3.6% over the past year, according to AreaSearch's aggregation of statistical area data.
As of this date, 8,891 residents were employed while the unemployment rate was 0.2% higher than Greater Brisbane's rate of 4.1%. Workforce participation was fairly standard at 68.0%, compared to Greater Brisbane's 64.5%. Employment among residents is concentrated in professional & technical services (2.2 times the regional average), health care & social assistance, and accommodation & food services. Construction has limited presence with 5.4% employment compared to the regional average of 9.0%.
Over the 12 months to June 2025, employment increased by 3.6%, while labour force increased by 2.9%, causing the unemployment rate to fall by 0.6 percentage points. By comparison, Greater Brisbane recorded employment growth of 4.4% and a decrease in unemployment of 0.4 percentage points over the same period. Jobs and Skills Australia's national employment forecasts from Sep-22 suggest that New Farm's local employment should increase by 7.5% over five years and 15.0% over ten years, based on industry-specific projections applied to New Farm's current employment mix.
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
In AreaSearch's latest postcode level ATO data released for financial year 2022, New Farm's median income among taxpayers is $73,099. The average income is $128,736. Nationally, this is exceptionally high compared to Greater Brisbane's median of $55,645 and average of $70,520. Based on Wage Price Index growth of 13.99% since financial year 2022, current estimates for New Farm would be approximately $83,326 (median) and $146,746 (average) as of September 2025. Census data shows individual earnings stand out at the 92nd percentile nationally ($1,226 weekly). In income distribution, 29.0% of New Farm's population (3,925 individuals) fall within the $1,500 - $2,999 income range, similar to the surrounding region where this cohort represents 33.3%. A significant 33.8% earn above $3,000 weekly. High housing costs consume 16.0% of income, but strong earnings place disposable income at the 70th percentile nationally. 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 above-average rates of outright home ownership
New Farm's dwelling structure, as per the latest Census, consisted of 20.5% houses and 79.4% other dwellings (semi-detached, apartments, 'other' dwellings), contrasting with Brisbane metro's 12.9% houses and 87.2% other dwellings. Home ownership in New Farm stood at 24.6%, with mortgaged dwellings at 20.7% and rented ones at 54.8%. The median monthly mortgage repayment was $2,264, exceeding Brisbane metro's average of $2,000. Median weekly rent in New Farm was $405, compared to Brisbane metro's $440. Nationally, New Farm's mortgage repayments were higher than the Australian average of $1,863, and rents exceeded 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 fairly typical median household size
Family households account for 48.8% of all households, including 13.8% couples with children, 28.8% couples without children, and 4.9% single parent families. Non-family households make up the remaining 51.2%, with lone person households at 42.5% and group households comprising 8.7%. The median household size is 1.9 people, matching the Greater Brisbane average.
Frequently Asked Questions - Households
Local Schools & Education
New Farm demonstrates exceptional educational outcomes, ranking among the top 5% of areas nationally based on AreaSearch's comprehensive analysis of qualification and performance metrics
New Farm's educational attainment exceeds broader benchmarks, with 54.5% of residents aged 15+ holding university qualifications compared to 25.7% in Queensland and 30.4% in Australia. Bachelor degrees are the most common at 35.2%, followed by postgraduate qualifications (14.1%) and graduate diplomas (5.2%). Vocational pathways account for 22.7% of qualifications, with advanced diplomas at 10.5% and certificates at 12.2%. Educational participation is high, with 25.4% of residents currently enrolled in formal education: 9.9% in tertiary, 5.1% in primary, and 4.2% in secondary.
Holy Spirit School and New Farm State School serve a total of 829 students and demonstrate significant socio-educational advantages with an ICSEA score of 1127. Both schools focus on primary education, with secondary options available nearby due to limited local school capacity (6.1 places per 100 residents compared to the regional average of 18.0). Many families therefore travel to nearby areas for schooling.
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
The transport analysis shows that New Farm has 56 active public transport stops, offering a mix of ferry and bus services. These stops are served by 7 different routes, carrying out a total of 3,864 weekly passenger trips. The accessibility to these transport options is rated excellent, with residents typically residing just 123 meters from the nearest stop.
On average, there are 552 trips per day across all routes, which amounts to about 69 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 New Farm residents have relatively positive health outcomes. Prevalence of common health conditions is low across both younger and older age cohorts. Private health cover is exceptionally high at approximately 78% of the total population (10,585 people), compared to 64.3% in Greater Brisbane and a national average of 55.3%.
The most common medical conditions are mental health issues and asthma, affecting 10.3 and 7.2% of residents respectively. 69.8% of residents declare themselves completely clear of medical ailments, compared to 75.5% in Greater Brisbane. New Farm has 18.8% of residents aged 65 and over (2,544 people), higher than the 10.5% in Greater Brisbane. Health outcomes among seniors are strong, performing better than the general population in health metrics.
Frequently Asked Questions - Health
Cultural Diversity
New Farm 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
New Farm's cultural diversity was notable, with 16.7% speaking a language other than English at home and 29.8% born overseas. Christianity dominated religiously, at 43.7%. Judaism, however, was overrepresented at 0.4%, compared to Greater Brisbane's 0.2%.
In terms of ancestry, the top groups were English (26.9%), Australian (17.6%), and Irish (12.5%). Some ethnicities showed notable divergences: French at 1.0% (vs regional 0.9%), Polish at 1.0% (vs 0.7%), and Scottish at 9.3% (vs 7.2%).
Frequently Asked Questions - Diversity
Age
New Farm's population is slightly older than the national pattern
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 (22.6%) but fewer residents aged 5-14 (5.8%). This concentration of 25-34 year-olds is significantly higher than the national average of 14.5%. Between the 2021 Census and now, the proportion of residents aged 75 to 84 has increased from 5.4% to 6.7%, while the proportion of those aged 35 to 44 has decreased from 15.6% to 14.4%. By 2041, New Farm's age composition is expected to change significantly. The 75 to 84 age group is projected to grow by 73%, increasing from 906 to 1,569 people. This growth will be led by the aging population dynamic, with those aged 65 and above comprising 65% of the projected growth. Meanwhile, population declines are projected for the 5-14 and 0-4 age groups.