Are you looking to purchase realestate in New Farm, Brisbane? As a New Farm Buyers Agent we’d love to assist. Check out our suburb profile below, and let us know if you would like help with your New Farm property purchase!
New Farm is one of Brisbane’s most sought after suburbs. It is an affluent, riverside suburb 2km east of the CBD. New Farm is famous for its leafy green parks, trendy cafe and restaurant culture,and its lively theatre and cultural precincts. New Farm is bordered by the suburbs of Fortitude Valley to the north and Teneriffe to the east.
More than 11,000 people call New Farm home. 39.7% of households in New Farm are owner occupied. New Farm has a younger demographic – predominantly in their 20s and 30s
New Farm’s main shopping and cafe precinct is located around James St, Brunswick St and Merthyr Rd.
New Farm is within walking distance of the city. The nearest train station is on Brunswick St in Fortitude Valley. Several convenient bus and ferry services also connect New Farm with the CBD.
New Farm Park is a beautiful green space on the banks of the Brisbane River. It is a popular spot for weekend picnics. There is a scenic river walk and bikeway running into the city.
Most residents commute to the city or Fortitude Valley for work.
Riverfront properties, and those located on the New Farm/Teneriffe Hill are the most desirable, and most expensive areas of New Farm.
Traffic noise can be an issue for properties close to Brunswick St. New Farm was significantly affected by flooding in 2011 and buyers are cautioned to check the Brisbane City Council Flood Maps for more information.
Detached housing accounts for only 20% of properties in New Farm. This includes an eclectic mix of colonial and Queenslander type homes, and contemporary masterpieces. The median block size is 468m2.
There are many small to medium sized unit complexes, and upscale warehouse conversions.
The median house price in New Farm is $1,500,000, which is well above Brisbane’s median.
The median house price in New Farm would typically buy a renovated 2-3 bedroom, 2 bathroom house on a small sized block.
For example: 247 Moray Street New Farm, QLD, 4005 – sold $1,535,000 (click to view listing)
The median unit price in New Farmis: $620,000
This amount would typically buy a 2 bedroom, 2 bathroom unit in good condition.
For example: 12/133 Moray Street New Farm, QLD, 4005 – $623,000 (Nov 2018) (click to view listing)
There has been a modest growth (27.9%.) in house prices over the last 5 years in New Farm. Over the same time period, the median price of units has increased by 15.8%.
**Statistics are accurate for February 2019
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