Newmarket

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

The population of the Newmarket statistical area (Lv2) is estimated to be around 5,429 as of November 2025. This reflects an increase of 346 people since the 2021 Census, which reported a population of 5,083 people. The change is inferred from AreaSearch's resident population estimate of 5,419 based on their examination of the latest ERP data release by the ABS in June 2024 and an additional 27 validated new addresses since the Census date. This level of population results in a density ratio of 3,290 persons per square kilometer, placing Newmarket (SA2) in the upper quartile relative to national locations assessed by AreaSearch. The area's growth rate of 6.8% since the census is within 2.9 percentage points of the national average of 9.7%, indicating competitive growth fundamentals. Overseas migration contributed approximately 79.0% of overall population gains during recent periods, driving primary population growth in the area.

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 adopted. It is noted that these state projections do not provide age category splits; hence proportional growth weightings aligned with ABS Greater Capital Region projections released in 2023 based on 2022 data are applied where utilised. Future population dynamics anticipate an above median growth, with the area expected to increase by 749 persons to 2041 based on aggregated SA2-level projections, reflecting a gain of 13.6% in total 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

Based on AreaSearch analysis using ABS building approval numbers from statistical area data, Newmarket has seen approximately 9 dwellings granted development approval annually. Over the past five financial years, from FY-21 to FY-25, around 45 homes were approved, with an additional 5 approved so far in FY-26. This results in an average of about 1.1 new residents per year per dwelling constructed over these five years. However, recent figures show this has increased to 41.2 people per dwelling over the past two financial years, indicating rising demand and tightening supply.

Development projects have averaged $718,000 in construction value, suggesting developers are targeting the premium market segment with high-end properties. This year alone, $71,000 in commercial approvals have been registered, reflecting the area's residential nature. Compared to Greater Brisbane, Newmarket has significantly less development activity, at 76.0% below the regional average per person. This scarcity of new homes typically boosts demand and prices for existing properties. New building activity shows 71.0% standalone homes and 29.0% attached dwellings, preserving the area's suburban nature with a preference for detached housing attracting space-seeking buyers.

However, this favours detached housing more than current patterns suggest (55.0% at Census), indicating ongoing robust demand for family homes despite increasing density pressures. With around 2155 people per approval, Newmarket exhibits characteristics of a mature, established area. Future projections estimate Newmarket to add 739 residents by 2041, based on the latest AreaSearch quarterly estimate. If current construction levels persist, housing supply may lag population growth, potentially intensifying buyer competition and supporting price growth.

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

Changes in local infrastructure significantly impact an area's performance. AreaSearch has identified six projects potentially influencing this region. Notable projects are Victoria Park Stadium (Brisbane Stadium), Ile Ashgrove, New Brisbane Stadium (Victoria Park Olympic Stadium), and Zaria Residences Kelvin Grove. The following list details those likely 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 an educated workforce with strong professional services representation. The unemployment rate was 5.7% in the past year, with estimated employment growth of 0.7%.

As of September 2025, 3431 residents were employed while the unemployment rate was 6.7%, above Greater Brisbane's 4.0%. Workforce participation was high at 72.7%, compared to Greater Brisbane's 64.5%. Dominant employment sectors included health care & social assistance, professional & technical, and education & training. Professional & technical had notable concentration, with levels at 1.7 times the regional average.

Manufacturing had limited presence at 2.9% compared to 6.4% regionally. The area offered limited local employment opportunities. In the past year, employment increased by 0.7%, labour force by 0.6%, leaving unemployment broadly flat. Greater Brisbane recorded higher growth: employment up 3.8%, labour force up 3.3%, with unemployment falling to 3.5%. State-level data as of 25-Nov showed Queensland employment contracted by 0.01% (losing 1,210 jobs), with unemployment at 4.2%. National forecasts from May-25 projected national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Newmarket's employment mix suggested 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 ending June 30, 2023 shows that median income in Newmarket suburb is $60,415. Average income stands at $90,913. This contrasts with Greater Brisbane figures of a median income of $58,236 and an average income of $72,799. Based on Wage Price Index growth of 9.91% since June 2023, current estimates for Newmarket would be approximately $66,402 (median) and $99,922 (average) as of September 2025. According to the 2021 Census, household income ranks at the 81st percentile nationally in Newmarket. Family income also ranks at the 81st percentile nationally. Personal income ranks at the 81st percentile nationally. Income analysis shows that the predominant cohort spans 27.5% of locals (1,492 people) with incomes between $1,500 and $2,999 per week. This mirrors the surrounding region where 33.3% occupy this income bracket. A substantial proportion of high earners, at 38.3%, indicates strong economic capacity throughout the locality. Housing accounts for 14.6% of income. Strong earnings rank residents 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, consisted of 54.6% houses and 45.4% other dwellings (semi-detached, apartments, 'other' dwellings). In contrast, Brisbane metro had 36.5% houses and 63.6% other dwellings. Home ownership in Newmarket was at 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 than the Australian average of $1,863, and rents exceeded the national figure of $375.

Newmarket features high concentrations of group households, with a higher-than-average median household size

Family households account for 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 make up 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.

Newmarket demonstrates exceptional educational outcomes, ranking among the top 5% of areas nationally based on AreaSearch's comprehensive analysis of qualification and performance metrics

In Newmarket, the proportion of residents aged 15 and above with university qualifications is significantly higher than broader benchmarks. Specifically, 52.0% of residents in Newmarket hold such qualifications, compared to 25.7% in Queensland (QLD) and 30.4% nationally in Australia. This educational advantage positions the area favourably for knowledge-based opportunities. Bachelor degrees are the most common at 33.9%, followed by postgraduate qualifications at 13.2% and graduate diplomas at 4.9%.

Vocational pathways account for 22.8% of qualifications among those aged 15 and above, with advanced diplomas at 9.1% and certificates at 13.7%. Educational participation is notably high in Newmarket, with 34.2% of residents 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 of public transportation in Newmarket shows that there are currently 19 operational transport stops. These consist of a mix of train and bus services. A total of 30 individual routes service these stops, collectively facilitating 3,642 weekly passenger trips.

The accessibility of the transport system is rated as excellent, with residents typically located approximately 193 meters from their nearest transport stop. On average, there are 520 trips per day across all routes, which equates to around 191 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 with very low prevalence of common health conditions across all age groups. The rate of private health cover is exceptionally high at approximately 63% of the total population (3,432 people), compared to 70.5% across Greater Brisbane and a national average of 55.7%. The most common medical conditions in the area are mental health issues impacting 11.3% of residents and asthma affecting 7.6%.

A total of 72.3% of residents declare themselves completely clear of medical ailments, compared to 73.7% across Greater Brisbane. The area has 10.9% of residents aged 65 and over (591 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.

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 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, comprising 44.5% of its population. Hinduism had an overrepresentation compared to Greater Brisbane, making up 3.2% versus 2.7%.

The top three ancestry groups were English (25.4%), Australian (22.0%), and Irish (11.6%). Notably, Scottish (9.9%) was more prevalent in Newmarket than regionally (8.7%), as were Sri Lankan (0.4% vs 0.2%) and Welsh (0.6% vs 0.7%).

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

Newmarket's median age is 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 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 Newmarket's population aged 15-24 has increased from 18.1% to 19.4%, while the percentage of residents aged 45-54 has decreased from 13.2% to 12.2%. Demographic modeling indicates significant changes in Newmarket's age profile by 2041. The 55-64 cohort is projected to grow by 32%, adding 176 residents to reach a total of 730. Conversely, population declines are projected for the 5-14 and 0-4 age cohorts.