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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 Nov 2025, the estimated population of the New Farm statistical area (Lv2) is around 13,789, reflecting an increase of 1,592 people since the 2021 Census. This growth represents a 13.1% increase from the previous population count of 12,197 people. The resident population estimate of 13,485 by AreaSearch, following examination of the latest ERP data release by the ABS (June 2024), and an additional 152 validated new addresses since the Census date, contributes to this increase. This population density equates to approximately 6,693 persons per square kilometer, placing New Farm in the top 10% of national locations assessed by AreaSearch. The area's growth rate exceeded both the national average (9.7%) and state averages, marking it as a significant growth leader. Overseas migration was the primary driver behind this population growth during recent periods.
For projections, AreaSearch adopts ABS/Geoscience Australia data 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, the New Farm (SA2) is projected to increase by approximately 1,680 persons, reflecting a total increase of around 9.8% 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
AreaSearch analysis of ABS building approval numbers in New Farm shows an average of approximately 44 new dwelling approvals per year. Between financial years FY21 to FY25, around 224 homes were approved, with a further 6 approved so far in FY26. This results in an estimated 1.4 new residents arriving per new home over the past five financial years. However, recent data indicates this has intensified to 15.3 people per dwelling over the past two financial years, suggesting growing popularity and potential undersupply.
The average construction cost value of new homes is approximately $945,000, indicating a focus on the premium market with high-end developments. In FY26, around $19.8 million in commercial approvals have been registered, reflecting balanced commercial development activity. Comparatively, New Farm has significantly less development activity than Greater Brisbane, at 77.0% below the regional average per person. This scarcity of new dwellings typically strengthens demand and prices for existing properties. Additionally, this is lower than nationally, indicating market maturity and possible development constraints. New building activity in New Farm shows a trend towards denser development, with 16.0% detached houses and 84.0% attached dwellings.
This provides accessible entry options and appeals to downsizers, investors, and entry-level buyers. With around 457 people per dwelling approval, New Farm demonstrates a developed market. Population forecasts indicate that New Farm will gain approximately 1,358 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 in local infrastructure significantly affect an area's performance. AreaSearch has identified 43 projects that may impact this region. Notable projects include Teneriffe Banks, 424 Bowen Terrace Development Site, Waterfront Brisbane, and James Place. The following details projects likely 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
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 has a highly educated workforce with strong representation in professional services. The unemployment rate is 4.6%, with an estimated employment growth of 1.1% over the past year, according to AreaSearch data aggregation.
As of September 2025, 8767 residents are employed while the unemployment rate is 0.6% higher than Greater Brisbane's rate of 4.0%. Workforce participation stands at 68.0%, slightly above 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 employment is limited at 5.4% compared to the regional average of 9.0%.
The area offers limited local employment opportunities as indicated by Census data. Over the year to September 2025, employment increased by 1.1% while labour force grew by 1.0%, maintaining a stable unemployment rate. In comparison, Greater Brisbane recorded higher employment growth (3.8%) and labour force growth (3.3%), with a decrease in unemployment (0.5 percentage points). State-level data to 25-Nov shows Queensland's employment contracted by 0.01% (-1210 jobs), with an unemployment rate of 4.2%, closely aligned with the national rate of 4.3%. National employment forecasts from May-25 project a growth of 6.6% over five years and 13.7% over ten years, but industry-specific projections suggest New Farm's employment could increase by 7.5% over five years and 15.0% over ten years.
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 for financial year 2023 shows New Farm's median income among taxpayers is $73,099, with an average of $128,736. Nationally, this is exceptionally high compared to Greater Brisbane's median of $58,236 and average of $72,799. By September 2025, current estimates based on Wage Price Index growth of 9.91% would be approximately $80,343 (median) and $141,494 (average). Census data indicates individual earnings in New Farm stand out at the 92nd percentile nationally ($1,226 weekly). Income distribution shows that 29.0% of the population (3,998 individuals) fall within the $1,500 - 2,999 income range, aligning with surrounding regions where this cohort likewise represents 33.3%. Notably, a significant 33.8% earn above $3,000 weekly, reflecting prosperity that drives local economic activity. High housing costs consume 16.0% of income, yet strong earnings place disposable income at the 70th percentile and 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). In comparison, Brisbane metro had 12.9% houses and 87.2% other dwellings. Home ownership in New Farm was at 24.6%, with mortgaged dwellings at 20.7% and rented ones at 54.8%. The median monthly mortgage repayment in the area was $2,264, higher than Brisbane metro's average of $2,000. The median weekly rent figure for New Farm was $405, compared to Brisbane metro's $440. Nationally, New Farm's mortgage repayments were significantly higher than the Australian average of $1,863, while 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 notably exceeds broader standards. Among residents aged 15+, 54.5% possess university qualifications, contrasting with Queensland's 25.7% and Australia's 30.4%. This significant educational edge favours the area for knowledge-driven prospects. Bachelor degrees dominate at 35.2%, trailed by postgraduate qualifications (14.1%) and graduate diplomas (5.2%).
Vocational pathways comprise 22.7% of qualifications among those aged 15+, with advanced diplomas accounting for 10.5% and certificates, 12.2%. Educational participation is notably high at 25.4%, including 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 indicates that there are currently 56 active transport stops operating within the area. These stops offer a mix of ferry and bus services. The routes servicing these stops total seven, collectively facilitating 3,879 weekly passenger trips.
The accessibility of transport is rated as excellent, with residents typically located just 123 meters from their nearest transport stop. On average, service frequency across all routes amounts to 554 trips per day, which equates to approximately 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
The health data for New Farm shows positive results with low prevalence rates for common conditions across both younger and older age groups. The rate of private health cover is exceptionally high at approximately 78%, covering 10,782 people, compared to Greater Brisbane's 62.8% and the national average of 55.7%. Mental health issues and asthma are the most common conditions in New Farm, affecting 10.3% and 7.2% of residents respectively.
Overall, 69.8% of residents report no medical ailments, compared to 75.5% across Greater Brisbane. In terms of demographics, 18.8% of New Farm residents are aged 65 and over (2,592 people), higher than the 10.5% in Greater Brisbane. Despite this, health outcomes among seniors in New Farm are particularly strong, performing better than the general population in health metrics.
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 population had a higher proportion speaking languages other than English at home, with 16.7%, compared to most local markets. Overseas-born residents made up 29.8%. Christianity was the dominant religion, comprising 43.7% of New Farm's population.
Notably, Judaism was overrepresented in New Farm at 0.4%, higher than Greater Brisbane's 0.2%. The top three ancestry groups were English (26.9%), Australian (17.6%), and Irish (12.5%). Some ethnic groups showed notable differences: French had a higher representation of 1.0% in New Farm compared to the regional average of 0.9%, Polish was also slightly overrepresented at 1.0% vs 0.7%, and Scottish residents were notably more prevalent at 9.3% vs 7.2%.
Frequently Asked Questions - Diversity
Age
New Farm's population aligns closely with national norms in age terms
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 percentage of residents aged 25-34 (22.6%) but fewer residents aged 5-14 (5.8%). This 25-34 concentration is notably above the national average of 14.5%. Between the 2021 Census and now, the 75 to 84 age group has increased from 5.4% to 6.7% of New Farm's population. Conversely, the 35 to 44 age group has decreased from 15.6% to 14.4%. By 2041, New Farm is projected to experience significant shifts in its age composition. The 75 to 84 age group is expected to grow by 70%, reaching 1,569 people from the current 923. This growth will contribute significantly to the overall population increase, with those aged 65 and above comprising 67% of projected growth. Conversely, population declines are projected for the 5-14 and 0-4 age groups.