Newmarket

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

As of November 2025, Newmarket's population is estimated at around 5,429, reflecting an increase of 346 people since the 2021 Census. The suburb had a population of 5,083 in 2021. This growth was inferred from AreaSearch's estimate of the resident population as 5,419 based on the latest ERP data release by ABS (June 2024), along with an additional 27 validated new addresses since the Census date. Newmarket's population density is 3,290 persons per square kilometer, placing it in the upper quartile relative to national locations assessed by AreaSearch. The suburb experienced a 6.8% growth rate since the census, which is within 2.1 percentage points of the national average (8.9%). Overseas migration contributed approximately 79.0% of overall population gains during recent periods.

For projections, AreaSearch adopts ABS/Geoscience Australia's 2024 release with a base year of 2022 for each SA2 area. 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 age cohorts. By 2041, Newmarket is projected to increase by 749 persons, reflecting a total gain 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 approximately 9 dwelling approvals annually based on AreaSearch analysis of ABS building approval numbers. Between FY-21 and FY-25, around 45 homes were approved, with an additional 3 approved so far in FY-26. Over the past five financial years, an average of 1.1 new residents per year per dwelling was observed. However, this figure has increased to 41.2 people per dwelling over the past two financial years, suggesting rising demand and tightening supply.

Development projects have an average construction value of $718,000, indicating a focus on premium market properties. This financial year alone, $17.5 million in commercial approvals have been registered. Compared to Greater Brisbane, Newmarket has significantly less development activity, with 76.0% below the regional average per person. This scarcity typically strengthens demand and prices for existing properties. The area's building activity shows 71.0% standalone homes and 29.0% attached dwellings, preserving its suburban nature and attracting space-seeking buyers despite increasing density pressures.

At around 2155 people per approval, Newmarket is a mature, established area with an estimated population growth of 739 residents by 2041. If current construction levels persist, housing supply may lag behind population growth, potentially intensifying buyer competition and supporting price growth.

Newmarket has very high levels of nearby infrastructure activity, ranking in the top 20% nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch identified six projects likely affecting the region. Notable ones are Victoria Park Stadium (Brisbane's 2032 Olympic Stadium), Zaria Residences Kelvin Grove, Eildon Hill Residences, and Brisbane Stadium (Victoria Park). The following 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 professional services well represented. The unemployment rate was 5.1% in the past year, with an estimated employment growth of 4.5%.

As of June 2025, 3,560 residents are employed while the unemployment rate is 1.0% higher than Greater Brisbane's rate of 4.1%, and workforce participation stands at 72.7% compared to Greater Brisbane's 64.5%. The dominant employment sectors among residents include health care & social assistance, professional & technical, and education & training. Notably, the area has a high concentration in professional & technical jobs, with levels at 1.7 times the regional average. Manufacturing, however, has limited presence with 2.9% employment compared to 6.4% regionally.

The predominantly residential area offers limited local employment opportunities, as indicated by Census data comparing working population to resident population. Over a 12-month period ending June 2025, employment increased by 4.5%, while labour force grew by 2.9%, causing the unemployment rate to fall by 1.5 percentage points. By comparison, Greater Brisbane recorded employment growth of 4.4%, labour force growth of 4.0%, with unemployment falling 0.4 percentage points. Jobs and Skills Australia's national employment forecasts from Sep-22 project national employment expansion by 6.6% over five years and 13.7% over ten years, but growth rates differ significantly between industry sectors. Applying these projections to Newmarket's employment mix suggests 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 data for financial year 2022 shows Newmarket's median income at $60,415 and average income at $90,913. This compares to Greater Brisbane's median of $55,645 and average of $70,520. As of September 2025, estimated incomes are approximately $68,867 (median) and $103,632 (average), based on a 13.99% Wage Price Index growth since financial year 2022. The 2021 Census places Newmarket's household, family, and personal incomes between the 81st and 81st percentiles nationally. Income analysis reveals that 27.5% of locals (1,492 people) earn between $1,500 - 2,999 weekly, similar to the surrounding region at 33.3%. High earners make up 38.3%, indicating strong economic capacity. Housing costs account for 14.6% of income, while residents rank in the 81st percentile for disposable income. The area's SEIFA income ranking is in the 9th decile.

Newmarket displays a diverse mix of dwelling types, with above-average rates of outright home ownership

In Newmarket, as per the latest Census evaluation, 54.6% of dwellings were houses while 45.4% consisted of other types such as semi-detached homes and apartments. This contrasts with Brisbane metropolitan area's figures of 36.5% houses and 63.6% other dwellings. Home ownership in Newmarket stood at 23.4%, with mortgaged properties making up 30.3% and rented dwellings accounting for 46.4%. The median monthly mortgage repayment was $2,167, aligning with Brisbane metro's average. However, the median weekly rent figure was $383 compared to Brisbane metro's $410. Nationally, Newmarket's median monthly mortgage repayments were higher at $2,167 than 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%. 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

Newmarket's educational attainment significantly exceeds broader benchmarks, with 52.0% 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 33.9%, followed by postgraduate qualifications (13.2%) and graduate diplomas (4.9%). Vocational pathways account for 22.8% of qualifications among those aged 15+, with advanced diplomas at 9.1% and certificates at 13.7%. Educational participation is high, with 34.2% of residents currently enrolled in formal education, including 13.1% in tertiary education, 7.7% in primary education, and 7.5% pursuing secondary education.

Newmarket State School and St Ambrose's Primary School serve a total of 588 students, with the area demonstrating significant socio-educational advantages and academic achievement (ICSEA: 1147). Both schools focus exclusively on primary education, with secondary options available in surrounding areas. There are 10.8 school places per 100 residents, below the regional average of 13.6, indicating some students may attend schools in adjacent areas.

Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Transport analysis shows 19 active stops operating in Newmarket, offering a mix of train and bus services. These stops are served by 28 individual routes, collectively providing 3,552 weekly passenger trips. Transport accessibility is rated excellent, with residents typically located 193 meters from the nearest stop.

Service frequency averages 507 trips per day across all routes, equating to approximately 186 weekly trips per 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. Prevalence of common health conditions across all age groups is very low. Approximately 63% of the total population (3432 people) have private health cover, compared to 71.3% in Greater Brisbane and a national average of 55.3%.

The most common medical conditions are mental health issues affecting 11.3% of residents and asthma impacting 7.6%. 72.3% of residents declare themselves completely clear of medical ailments, compared to 73.7% in Greater Brisbane. 10.9% of residents are 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.

Newmarket 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

Newmarket's cultural diversity surpassed most local markets, with 26.3% of its residents born overseas and 16.9% speaking a language other than English at home. Christianity was the predominant religion in Newmarket, accounting for 44.5% of its population. Hinduism showed significant overrepresentation, comprising 3.2% compared to the Greater Brisbane average of 2.7%.

The top three ancestry groups were English (25.4%), Australian (22.0%), and Irish (11.6%). Notably, Scottish ethnicity was higher in Newmarket at 9.9% than regionally at 8.7%, while Sri Lankan stood at 0.4% compared to the regional average of 0.2%. Welsh ethnicity was slightly lower in Newmarket at 0.6% versus the regional average of 0.7%.

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

Newmarket's median age is 33 years, which is younger than Greater Brisbane's average of 36 years and significantly lower than the 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 concentration of 15-24 year-olds is higher than the national average of 12.5%. According to post-2021 Census data, the proportion of Newmarket's population aged 15-24 has increased from 18.1% to 19.4%, while the proportion of residents aged 45-54 has decreased from 13.2% to 12.2%. By 2041, demographic modeling suggests Newmarket's age profile will change significantly. 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.