Newmarket

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

As per ABS population updates and AreaSearch validation for the suburb of Newmarket, the estimated population as of Feb 2026 is around 5,429. This figure represents an increase of 346 people since the 2021 Census, which reported a population of 5,083. The change is inferred from AreaSearch's resident population estimate of 5,419 following examination of ABS's latest ERP data release in June 2024 and validation of an additional 27 new addresses since the Census date. This results in a density ratio of approximately 3,290 persons per square kilometer, placing Newmarket in the upper quartile relative to national locations assessed by AreaSearch. Overseas migration contributed around 79.0% of overall population gains 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 and years post-2032, Queensland State Government's SA2 area projections released in 2023 based on 2021 data are used. 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) for each age cohort are applied where utilised. According to population projections moving forward, the suburb of Newmarket is expected to record a population increase just below the median of Australian statistical areas by 2041, with an expected expansion of 749 persons reflecting a gain of approximately 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

AreaSearch analysis of ABS building approval numbers shows Newmarket had approximately 9 new homes approved annually over the past five financial years, totalling around 45 homes. As of FY26, there have been 5 approvals recorded. On average, 1.1 people moved to the area per dwelling built between FY21 and FY25, indicating balanced supply and demand with stable market conditions. However, this ratio has intensified to 41.2 people per dwelling over the past two financial years, suggesting growing popularity and potential undersupply. New properties are constructed at an average expected cost of $718,000, reflecting a focus on the premium segment.

There have been $71,000 in commercial approvals this financial year, demonstrating the area's residential nature. Compared to Greater Brisbane, Newmarket has markedly lower building activity (76.0% below regional average per person), which typically strengthens demand and prices for existing properties. This activity is also lower than nationally, indicating market maturity and potential development constraints. New development consists of 71.0% standalone homes and 29.0% attached dwellings, maintaining the area's traditional suburban character with a focus on family homes appealing to those seeking space. Detached housing favours new construction more than current patterns suggest (55.0% at Census), demonstrating ongoing robust demand for family homes despite increasing density pressures.

Newmarket has around 2155 people per approval, indicating a mature, established area. Looking ahead, Newmarket is projected to grow by 739 residents through to 2041, potentially leading to increased competition among buyers and stronger price growth if current development rates do not keep pace with population growth.

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

Area infrastructure changes significantly influence local performance. Six projects identified by AreaSearch may impact the area. Key projects are Victoria Park Stadium (Brisbane Stadium), Ile Ashgrove, New Brisbane Stadium (Victoria Park Olympic Stadium), and Zaria Residences Kelvin Grove. Relevant projects are detailed below.

Professional plan users can use the search below to filter and access additional projects.

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Employment conditions in Newmarket remain below the national average according to AreaSearch analysis

Newmarket has a highly educated workforce with professional services being strongly represented. The unemployment rate was 5.7% in the past year, showing an estimated employment growth of 0.7%. As of September 2025, 3431 residents were employed while the unemployment rate was 1.7% higher than Greater Brisbane's rate of 4.0%.

Workforce participation was at 77.9%, above Greater Brisbane's 70.7%. According to Census responses, 25.1% of residents worked from home. Leading employment industries were health care & social assistance, professional & technical, and education & training. Professional & technical services had notable concentration with levels at 1.7 times the regional average.

Conversely, manufacturing showed lower representation at 2.9% compared to the regional average of 6.4%. The area offered limited local employment opportunities as indicated by Census working population vs resident population count. During the year to September 2025, employment levels increased by 0.7% and labour force increased by 0.6%, keeping unemployment rate relatively stable. Greater Brisbane recorded higher employment growth of 3.8% and labour force growth of 3.3%, with a decrease in unemployment rate by 0.5 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 suggest potential future demand within Newmarket. These projections estimate local employment should increase by 7.4% over five years and 14.9% over ten years, based on simple weighting extrapolation of industry-specific growth rates against Newmarket's employment mix.

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 Newmarket's median income among taxpayers was $60,415. The average income was $90,913. Nationally, these figures are extremely high. Greater Brisbane's median income was $58,236 and the average was $72,799. Based on Wage Price Index growth of 9.91% since financial year 2023, current estimates for Newmarket would be approximately $66,402 (median) and $99,922 (average) as of September 2025. Census data reveals household, family and personal incomes in Newmarket rank highly nationally, between the 81st and 81st percentiles. Income analysis shows that 27.5% of the community earns between $1,500 - 2,999 (1,492 individuals), consistent with broader trends across the metropolitan region where 33.3% fall into this category. Newmarket demonstrates considerable affluence with 38.3% earning over $3,000 per week, supporting premium retail and service offerings. 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 a higher proportion of rental properties than the broader region

Newmarket's dwelling structures, as per the latest Census, consisted of 54.6% houses and 45.4% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Brisbane metro had 73.5% houses and 26.5% 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 Newmarket was $2,167, higher than Brisbane metro's average of $1,863. Median weekly rent in Newmarket was recorded at $383, compared to Brisbane metro's $380. Nationally, Newmarket's mortgage repayments were significantly higher than the Australian average of $1,863, while rents exceeded the national figure of $375.

Newmarket features high concentrations of group households, with a lower-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 comprise the remaining 37.2%, with lone person households at 26.8% and group households at 10.4%. The median household size is 2.5 people, which is smaller than the Greater Brisbane average of 2.6.

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 residents aged 15 and above exhibit notable educational attainment, with 52.0% holding university qualifications, surpassing Queensland's 25.7% and Australia's 30.4%. Bachelor degrees are the most prevalent (33.9%), followed by postgraduate qualifications (13.2%) and graduate diplomas (4.9%). Vocational pathways account for 22.8%, with advanced diplomas at 9.1% and certificates at 13.7%. Educational participation is high, with 34.2% currently enrolled in formal education, including 13.1% in tertiary, 7.7% in primary, and 7.5% in secondary education.

Educational participation is notably high, 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

Newmarket has 19 active public transport stops serving a mix of train and bus routes. These stops are covered by 30 individual routes, offering 3,642 weekly passenger trips in total. The average distance from residents' homes to the nearest transport stop is 193 meters, indicating excellent accessibility. As a predominantly residential area, most commutes are outward-bound. Car remains the primary mode of transport at 70%, with train at 11% and bus at 10%. The average vehicle ownership per dwelling is 1.2, lower than the regional average.

According to the 2021 Census, 25.1% of residents work from home, which may be influenced by COVID-19 conditions. Service frequency averages 520 trips per day across all routes, equating to approximately 191 weekly trips per individual stop.

The level of general health in Newmarket is notably higher than the national average with both young and old age cohorts seeing low prevalence of common health conditions

Newmarket demonstrates above-average health outcomes based on AreaSearch's assessment, with mortality rates and chronic condition prevalence low across both young and old age cohorts. The rate of private health cover is exceptionally high at approximately 63% of the total population (3,432 people), compared to 55.8% across Greater Brisbane and a national average of 55.7%. The most common medical conditions are mental health issues impacting 11.3% of residents and asthma affecting 7.6%, while 72.3% declare themselves completely clear of medical ailments, higher than the 69.2% across Greater Brisbane.

The under-65 population in Newmarket shows better-than-average health outcomes. As of 2021, the area has 11.3% of residents aged 65 and over (613 people), lower than the 15.2% in Greater Brisbane. Health outcomes among seniors are particularly strong, with national rankings broadly in line with the general population.

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 cultural diversity surpassed most local markets, with 26.3% of its population born overseas and 16.9% speaking a language other than English at home. Christianity was the dominant religion in Newmarket, accounting for 44.5% of the population. Notably, Hinduism was overrepresented in Newmarket at 3.2%, compared to 2.2% across Greater Brisbane.

The top three ancestry groups were English (25.4%), Australian (22.0%), and Irish (11.6%). Other ethnic groups with notable differences included Scottish (9.9% vs regional 7.4%), Sri Lankan (0.4% vs 0.2%), and Welsh (0.6% vs 0.5%).

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 and significantly lower than the national average of 38. Compared to Greater Brisbane, Newmarket has a higher percentage of residents aged 15-24 (19.6%) but fewer residents aged 5-14 (9.6%). 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 19.6%, while the percentage of residents aged 45-54 has decreased from 13.2% to 12.0%. By 2041, demographic modeling suggests Newmarket's age profile will change significantly. The number of residents aged 55-64 is projected to grow by 27%, adding 154 people to reach a total of 730. Conversely, the population in the 35-44 age range is expected to decrease by 25%.