New Farm, Brisbane: Property & Lifestyle Guide 2025

What are current property prices in New Farm?

New Farm property prices reflect its premium riverside location and inner-city prestige:

• Median house price: $2.005M across all house types
• 3-bedroom houses: $2.535M median (last 12 months)
• 4-bedroom houses: $3.75M median (last 12 months)
• Units/apartments: $915,000 median with +12.62% annual growth
• Market activity: 122 house sales in past year, 26 days average time on market

The market remains highly competitive, with strong demand for properties in the $1.5M-$3M range attracting professionals and families seeking inner-city lifestyle. Unit market shows particularly strong growth, offering alternatives for buyers priced out of the house market.

What schools and education options are available?

New Farm offers excellent educational facilities for families:

• New Farm State School: Co-educational primary (Prep-Year 6), known for strong traditions and community values, catchment school for the suburb
• Holy Spirit School: Co-educational Catholic primary (Prep-Year 6), independent school committed to empowering learners
• Secondary schools nearby: Families access highly-rated high schools in neighbouring suburbs including Brisbane State High School
• University proximity: Close to QUT Kelvin Grove and UQ St Lucia campuses

The presence of quality primary schools within walking distance makes New Farm increasingly attractive to young families, despite its traditional reputation as a childless couples' suburb.

What lifestyle and amenities does New Farm offer?

New Farm delivers a sophisticated inner-city lifestyle with exceptional amenities:

• New Farm Park: Heritage-listed 37-acre riverfront park with spectacular giant fig trees, cycling loops, tree house playground, jacarandas, rose gardens, and historic rotunda. One of few Brisbane parks allowing alcohol consumption for picnics.
• Brisbane Powerhouse: Iconic cultural hub in former power station, offering diverse arts program, restaurant, bar, and weekly Jan Powers Farmers Markets
• Dining and shopping: Merthyr Village for local shopping, trendy cafes and restaurants throughout the suburb (known as 'Little Italy'), boutique stores, New Farm Cinema
• Outdoor lifestyle: Tree-lined streets, riverfront views, Brisbane Riverwalk for walking and cycling
• Community events: Regular markets, cultural festivals, riverside activities

The combination of green spaces, cultural venues, and sophisticated dining makes New Farm unique among Brisbane's inner suburbs.

How is transport connectivity and commuting?

New Farm offers exceptional transport options, reducing reliance on cars:

• Ferry services: CityCat stops at New Farm Park terminal connecting to destinations along Brisbane River. Free CityHopper service between North Quay and Sydney Street wharf.
• Bus network: Routes 196, 199, 360, 195, and N199 provide frequent services to CBD (every 10 minutes peak times) and surrounding suburbs
• CBD access: Only 2km from Brisbane CBD, easy road access for drivers
• Walking and cycling: Highly walkable suburb with Brisbane Riverwalk providing scenic commute options
• Parking: On-street parking regulated with residential permits available

Most residents enjoy 10-15 minute commutes to the CBD via ferry or bus, with many choosing to walk or cycle.

What is the demographic and community profile?

New Farm attracts an affluent, diverse community:

• Population: 12,197 residents (2021 Census)
• Median age: 39 years
• Families: 2,809 families, with average 1.6 children per family (for families with children)
• Household composition: Traditionally childless couples, growing number of families attracted by schools and parks
• Income: Median weekly household income $2,069, indicating professional demographic
• Mortgage repayments: Median monthly $2,264

The community comprises young professionals, established families, downsizers, and creative industry workers drawn to the cultural amenities and riverside lifestyle.

Is New Farm a good investment?

New Farm offers strong investment fundamentals for long-term growth:

• Location advantage: Only 2km from CBD with riverside amenity, ensuring sustained demand
• Rental yields: Houses 1.90% gross yield with $700 weekly median rent, units 3.36% yield with consistent demand
• Growth drivers: Limited supply of riverside land, ongoing infrastructure development, cultural precinct expansion (Brisbane Powerhouse)
• Tenant profile: Professional demographic providing stable, high-quality tenants
• Market stability: Established blue-chip suburb with proven long-term value appreciation

For investors in the $1.5M-$3M range, New Farm offers capital growth potential combined with lifestyle appeal. The diverse rental market (professionals, students, downsizers) provides income stability. Units offer better yields for cash-flow focused investors, while houses provide superior long-term capital growth.