New Farm
Suburb profile, market snapshot and recent listings for New Farm, QLD 4005.
About New Farm
Welcome to New Farm
New Farm sits on a leafy bend of the Brisbane River about two and a half kilometres east of the CBD, one of the city's most tightly held inner-city pockets. Framed by the water on three sides and backing onto Fortitude Valley and Newstead, it has long traded on a rare combination of village charm and blue-chip address.
With its Art Deco apartment blocks, Queenslander cottages on quiet side streets, and the Brunswick Street and James Street precincts within easy walking distance, New Farm suits professionals, downsizers and investors who want inner-city convenience without giving up a genuine sense of neighbourhood. It's a suburb where a morning coffee run, a riverside jog and a harbour of old fig trees can all happen before 8am.
Lifestyle & dining
New Farm's reputation as one of Brisbane's premier dining and lifestyle strips is well earned. Merthyr Village and the lower end of Brunswick Street offer a dense run of cafes, wine bars and restaurants, while neighbouring James Street in Fortitude Valley extends the precinct with its designer boutiques and higher-end dining rooms. The suburb's population skews towards professionals and empty-nesters, with a median age of 39 reflecting a mix of long-term locals and younger arrivals drawn to the walkable lifestyle.
Parks & recreation
New Farm Park is the suburb's centrepiece and one of Brisbane's best-loved green spaces, its jacaranda- and fig-lined avenues, rose garden and riverside picnic lawns drawing crowds year-round for festivals, markets and simple weekend wandering. The park connects into the Riverwalk network, giving residents a scenic, largely flat walking and cycling route toward the CBD, Kangaroo Point's cliffs, and across to Teneriffe and Newstead along the river's edge.
Getting around
Despite having no train line of its own, New Farm is well served by CityCat and cross-river ferry stops that put the CBD, South Bank and West End within easy reach by water. Frequent bus routes run along Brunswick Street and through to Fortitude Valley, where the train station connects to the wider rail network, while the New Farm to Teneriffe stretch is increasingly popular with cyclists and pedestrians thanks to the riverside path network. Traffic on the peninsula's narrow streets can be tight at peak times, which is part of why many residents lean on ferries, bikes and walking instead of cars.
Schools & families
Family life in New Farm centres on New Farm State School and Holy Spirit School, both long-established and within walking distance of most of the suburb's residential streets. While the area is better known for its apartment-dwelling professionals than large family homes, the pocket of Queenslander cottages and family-sized houses inland from the river continues to attract parents wanting an inner-city education without a long commute.
Housing & architecture
Housing stock here is dominated by apartments and units, which make up 68% of current listings, a reflection of the suburb's dense, walkable character and its many mid-century and modern residential towers along the river frontage. Houses account for 25% of listings, ranging from restored Queenslanders to architect-designed rebuilds on the suburb's quieter interior streets, while townhouses and the occasional acreage-style property make up the remainder.
The property market
New Farm's property market sits firmly at the premium end of Brisbane's, with a median house price of $3.98 million and house values up 8.2% recently, underlining sustained demand for the suburb's limited stock of freestanding homes. Units offer a comparatively accessible entry point at a median of $1.10 million, still a significant sum but one that reflects the suburb's river frontage, walkability and proximity to the CBD. Rents are correspondingly strong, with a median of $1,525 a week, and with a population of just over 12,000 packed into a small peninsula, competition for both buying and renting here shows little sign of easing.
Market snapshot
New Farm property market
Median sale price
$3.98m
House · 4 bed
Median rent
$1,525
per week
Gross rental yield
2.0%
annual rent ÷ sale price
Typical price range
Entry
$2.00m
Median
$3.98m
Premium
$7.74m
Days on market
29
Auction clearance
38%
Sold this year
28
Median sold price trend · House 4 bed
Compound growth +15.7% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in New Farm by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for New Farm, QLD 4005.
Population
12,197
residents (2021)
Median age
39
years
Household income
$2,069
median, per week
Median rent
$405
per week
Median mortgage
$2,264
per month
Mortgage / income
25%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in New Farm
Government school catchment
Independent & Catholic schools
Recent results
Recently sold in New Farm
$682k
19/10 Bailey Street
Sold ~July 2026
$1.80m
1/10 Oxlade Drive
Sold ~July 2026
$1.02m
12/178 Bowen Terrace
Sold ~July 2026
$1.10m
15/368 Bowen Terrace
Sold ~July 2026
$1.32m
6/169 Merthyr Road
Sold ~July 2026
$1.51m
315/1 Gray Street
Sold ~July 2026
$1.40m
6/54 Sydney Street
Sold ~July 2026
$4.50m
240 Kent Street
Sold ~July 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in New Farm
Compare the area
Price map around New Farm
Every listing for sale near New Farm, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Nearby suburbs
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Common questions
New Farm suburb FAQ
What is the median property price in New Farm?
The median unit price in New Farm, QLD is $1.10m for a 2-bedroom home. Over the past year, median sold prices have risen about 20.9%.
How much is rent in New Farm?
The median weekly rent in New Farm is around $730 per week.
Is New Farm a good place to live?
New Farm is an inner northern riverside suburb in the City of Brisbane, Queensland, Australia. New Farm is an established residential suburb in QLD, with a population of around 12,197 and 2 schools in the area.
What is the population of New Farm?
New Farm has a population of 12,197 (ABS 2021 Census), with a median age of 39.
What schools are in New Farm?
There are 2 schools in or near New Farm, including Holy Spirit School and New Farm State School.
How long do homes take to sell in New Farm?
Properties in New Farm take around 14 days to sell on average, with an auction clearance rate of about 88%.
How much do you need to buy in New Farm?
Entry-level properties in New Farm start around $771k, while premium homes reach $1.86m.
What suburbs are near New Farm?
Suburbs near New Farm include Farm, Teneriffe, Kangaroo Point, Fortitude Valley and Newstead.
Fresh to market
New this week in New Farm
Feel on Top of the World... Steps to New Farm Park
Contemporary Living | Brand New Designer Home
East Facing, 3 bedroom, Level 8 at Bowen Place
Boutique Living in the Heart of New Farm
Available now