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This analysis uses Suburbs and Localities (SAL) boundaries, which can materially differ from Statistical Areas (SA2) even when sharing the same name.
SAL boundaries are defined by Australia Post and the Australian Bureau of Statistics to represent commonly-known suburb names used in postal addresses.
Statistical Areas (SA2) are designed for census data collection and may combine multiple suburbs or use different geographic boundaries. For comprehensive analysis, consider reviewing both boundary types if available.
est. as @ -- *
2021 Census | -- people
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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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 February 2026, the estimated population of the suburb of New Farm is around 13,789. This figure represents an increase of 1,592 people since the 2021 Census, which reported a population of 12,197. The change was inferred from AreaSearch's estimation of the resident population at 13,485 following examination of the latest ERP data release by the ABS in June 2024 and an additional 152 validated new addresses since the Census date. This results in a density ratio of 6,693 persons per square kilometer, placing New Farm in the top 10% of national locations assessed by AreaSearch. The suburb's population growth of 13.1% since the 2021 census exceeded both the national average (9.9%) and the state average. Overseas migration was the primary driver of this growth.
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 or years post-2032, Queensland State Government's SA2 area projections released in 2023 and based on 2021 data are used. However, these state projections do not provide age category splits; thus, AreaSearch applies proportional growth weightings in line with the ABS Greater Capital Region projections for each age cohort. By 2041, the suburb is expected to increase by 1,678 persons based on aggregated SA2-level projections, reflecting an overall increase of 9.8% over the 17-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
AreaSearch analysis of ABS building approval numbers indicates New Farm averaged approximately 44 new dwelling approvals annually. Between FY-21 and FY-25, around 224 homes were approved, with a further 6 approved in FY-26 to date. On average, about 1.4 new residents per year arrived per new home over the past five financial years, suggesting balanced supply and demand during that period. However, recent data shows this ratio has intensified to 15.3 people per dwelling over the past two financial years, implying growing popularity and potential undersupply.
New homes are being constructed at an average expected cost of $945,000, indicating developers' focus on the premium market with high-end developments. In FY-26, around $19.8 million in commercial approvals have been registered, suggesting balanced commercial development activity. Compared to Greater Brisbane, New Farm has significantly less development activity, 77.0% below the regional average per person. This scarcity of new dwellings typically strengthens demand and prices for existing properties. Similarly, development activity is lower than nationally, reflecting market maturity and possible development constraints. Building activity shows a trend towards denser development, with approximately 16.0% detached houses and 84.0% attached dwellings.
This trend provides accessible entry options appealing to downsizers, investors, and entry-level buyers. With around 457 people per dwelling approval, New Farm indicates a developed market. Population forecasts suggest New Farm will gain approximately 1,357 residents by 2041, based on the latest AreaSearch quarterly estimate. Existing development levels appear aligned with future requirements, maintaining stable market conditions without significant price pressures.
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 43 projects likely impacting the area. Notable projects include Teneriffe Banks, 424 Bowen Terrace Development Site, Waterfront Brisbane, and James Place. The following details those most relevant.
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INFRASTRUCTURE SEARCH
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Frequently Asked Questions - Infrastructure
Waterfront Brisbane
A $2.5 billion mixed-use transformation of the Eagle Street Pier and Waterfront Place precinct. The project delivers two premium-grade office towers (North Tower 49 levels, South Tower 43 levels), approximately 120,000 sqm of office space, and a revitalized retail and dining hub. It features over 9,000 sqm of public open space, including a large civic plaza and a widened Riverwalk (up to 17m in sections) to enhance pedestrian and cyclist connectivity between the CBD and the Brisbane River.
Teneriffe Banks
A 1.5 billion dollar riverfront mixed-use precinct on a 17,612 sqm site. The development features four architecturally distinct residential buildings (The Interloom, The Ferry Building, The Store Houses, and The Skyform) housing 213 luxury apartments. It includes Brisbane's first 5-star Kimpton Hotel (163 rooms), over 4,800 sqm of retail and dining, a 220-metre riverwalk extension, and the exclusive Canopy Club. Construction commenced in December 2025 following site settlement in July 2025.
Howard Smith Wharves Expansion
A major expansion of the Howard Smith Wharves precinct by Artemus Group. The project features a new 9-storey, 77-room boutique hotel inspired by Teneriffe woolstores, a 400-seat music hall, and a world-first 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 the world's most sustainable precinct, targeting completion by 2028 ahead of the 2032 Brisbane Olympic Games.
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.
Skyring Terrace Road Upgrade
Major road infrastructure upgrade to widen Skyring Terrace with additional lanes in both directions, turning lanes, and high-quality active transport facilities to accommodate exponential growth in Newstead/Teneriffe area.
801 Ann Street Twin Towers
Approved dual 33-storey mixed-use tower development by EG Funds Management, designed by Rothelowman. Delivers 551 apartments (326 Build-to-Rent and 225 Build-to-Sell), over 1,000 sqm retail space, 300 sqm community facility operated by Little B.I.G Foundation, rooftop pools, BBQs, gym, wellness spa, library, and extensive subtropical landscaping including the publicly accessible Quandong Common. Targets 5 Star Green Star certification.
Employment
New Farm has seen below average employment performance when compared to national benchmarks
New Farm's workforce is highly educated with significant representation in professional services. The unemployment rate was 4.6% as of September 2025, with an estimated employment growth of 1.1% over the past year, according to AreaSearch data aggregation. As of that date, 8,766 residents were employed while the unemployment rate was 0.6% higher than Greater Brisbane's rate of 4.0%.
Workforce participation stood at 74.8%, slightly above Greater Brisbane's 70.7%. A notable 29.5% of residents worked from home, potentially influenced by Covid-19 lockdowns. Employment was concentrated in professional & technical services (2.2 times the regional average), health care & social assistance, and accommodation & food sectors. Meanwhile, construction employment was limited at 5.4%, compared to the regional average of 9.0%.
The area's predominantly residential nature suggests limited local employment opportunities. Over the year to September 2025, employment increased by 1.1% while labour force grew by 1.0%, maintaining a stable unemployment rate. In contrast, Greater Brisbane saw employment growth of 3.8% and labour force growth of 3.3%, with a decrease in unemployment of 0.5 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 project overall employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to New Farm's employment mix suggests local employment should increase by 7.5% over five years and 15.0% over ten years, though these are simple weighted extrapolations for illustrative purposes only and do not account for localized population projections.
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
AreaSearch's latest postcode level ATO data, released for financial year 2023, indicates that New Farm suburb has a median income among taxpayers of $73,099 and an average of $128,736. Nationally, these figures are exceptionally high compared to Greater Brisbane's median of $58,236 and average of $72,799. Based on Wage Price Index growth of 9.91% since financial year 2023, current estimates for New Farm as of September 2025 would be approximately $80,343 (median) and $141,494 (average). Census data reveals that individual earnings in New Farm stand out at the 92nd percentile nationally ($1,226 weekly). Regarding income distribution, 29.0% of the population (3,998 individuals) fall within the $1,500 - 2,999 income range, aligning with the surrounding region where this cohort likewise represents 33.3%. Notably, a significant 33.8% earn above $3,000 weekly, reflecting pockets of prosperity that drive robust local economic activity. High housing costs consume 16.0% of income, though strong earnings still 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 a higher proportion of rental properties than the broader region
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). This compares to Brisbane metro's 73.5% houses and 26.5% other dwellings. Home ownership in New Farm was at 24.6%, with the rest either mortgaged (20.7%) or rented (54.8%). The median monthly mortgage repayment in New Farm was $2,264, higher than Brisbane metro's average of $1,863. The median weekly rent figure for New Farm was $405, compared to Brisbane metro's $380. Nationally, New Farm's mortgage repayments exceed the Australian average of $1,863, while rents are above 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 lower-than-average median household size
Family households constitute 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 account for 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, which is smaller than the Greater Brisbane average of 2.6.
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 has a notably high level of educational attainment among its residents aged 15 and above. Specifically, 54.5% hold university qualifications, which is significantly higher than the broader state (25.7%) and national averages (30.4%). This educational advantage is primarily driven by bachelor degrees, with 35.2% of residents having completed one. Postgraduate qualifications account for 14.1%, while graduate diplomas make up 5.2%.
Vocational pathways are also prevalent in New Farm, with 22.7% of qualifications being advanced diplomas (10.5%) or certificates (12.2%). Educational participation is notably high, with 25.4% of residents currently enrolled in formal education. This includes 9.9% in tertiary education, 5.1% in primary education, and 4.2% pursuing 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
The analysis of public transport in New Farm shows that there are 55 active transport stops operating within the area. These stops offer a mix of ferry and bus services. There are 7 individual routes serving these stops, collectively providing 3,879 weekly passenger trips. The accessibility of transport in New Farm is rated as excellent, with residents typically located 123 meters from the nearest transport stop. As a primarily residential area, most residents commute outward. The dominant mode of transport for residents is car at 58%, followed by walking at 14% and bus at 14%.
The average vehicle ownership per dwelling in New Farm is 0.8, which is below the regional average. According to the 2021 Census, a high number of residents work from home, with 29.5% doing so, possibly due to COVID-19 conditions. The service frequency averages 554 trips per day across all routes, equating to approximately 70 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
New Farm's residents are extremely healthy with both young and old age cohorts seeing low prevalence of common health conditions
Analysis shows New Farm performed well across health metrics. Mortality rates and chronic condition prevalence were low for both younger and older residents. Private health cover was high at approximately 78% of total population (10,782 people), compared to 55.8% in Greater Brisbane and a national average of 55.7%.
Common conditions included mental health issues (10.3%) and asthma (7.2%), with 69.8% reporting no medical ailments, similar to Greater Brisbane's 69.2%. Working-age residents had typical health outcomes. The area had 19.6% of residents aged 65 and over (2,702 people), higher than Greater Brisbane's 15.2%. Senior health outcomes were strong, ranking 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's cultural diversity was notable, with 16.7% speaking a language other than English at home and 29.8% born overseas. Christianity was the dominant religion, comprising 43.7%. However, Judaism showed significant overrepresentation at 0.4%, compared to Greater Brisbane's 0.1%.
In terms of ancestry, the top three groups were English (26.9%), Australian (17.6%) and Irish (12.5%). Other ethnicities with notable divergences included French (1.0% vs regional 0.5%), Polish (1.0% vs 0.5%) and Scottish (9.3% vs 7.4%).
Frequently Asked Questions - Diversity
Age
New Farm's population aligns closely with national norms in age terms
The median age in New Farm is 40 years, which is higher than Greater Brisbane's average of 36 years and modestly exceeds the national average of 38 years. Compared to Greater Brisbane's average, the 25-34 cohort is notably over-represented in New Farm at 21.5%, while the 5-14 year-olds are under-represented at 5.8%. This concentration of the 25-34 age group is well above the national average of 14.4%. Post-2021 Census data shows that the 75 to 84 age group has grown from 5.4% to 7.2% of New Farm's population. Conversely, the 35 to 44 cohort has declined from 15.6% to 14.2%, and the 25 to 34 group has dropped from 22.9% to 21.5%. Population forecasts for 2041 indicate substantial demographic changes in New Farm, with the 75 to 84 age group expected to grow by 58% (577 people), reaching 1,570 from 992. This growth is led by residents aged 65 and older, who will represent 69% of anticipated population growth. Conversely, the 0 to 4 and 5 to 14 age cohorts are expected to experience population declines.