Jack Freestone
Buyers Collective
New Farm, QLD+8
Brisbane · Inner Brisbane
A Brisbane suburb in the Brisbane City Council area, with the New Farm Park and Sydney Street ferry terminals. Most homes are flats or apartments.
Last reviewed 25 October 2026
Market snapshot
Estimate, not an official figure · September 2026
Median house
$2.95M - $4.00M
Mid-band $3.48Mspread 30%
Median unit
$825,000 - $1.15M
Mid-band $988Kspread 33%
Rental yield
1.8% to 2.8%
Gross yield on house stock. Premium suburbs compress.
Price growth for New Farm is not shown. Our estimates for May and September 2026 gave five-year figures more than 10 points apart, and no licensed sales data is available to check which is right.
Before you buy
Parts of New Farm are mapped in City Plan 2014's Brisbane River flood overlay and its storm tide overlay, and Brisbane City Council's maps of the January 2011 and February 2022 floods both include parts of the suburb. The council's FloodWise Property Report shows the risk and type of flooding at one property. Get it for the address before you make an offer.
New Farm Park, the Julius Street Flats, the CSR Refinery (former) and the Village Twin Cinemas on Brunswick Street are among the places with New Farm addresses on the Queensland Heritage Register. The council's local heritage list includes homes, flats and shops on Moray Street, Brunswick Street and Bowen Terrace, and parts of New Farm are in City Plan's traditional building character and pre-1911 building overlays. Check the address in City Plan before you plan works.
Translink lists the New Farm Park and Sydney Street ferry terminals in New Farm.
New Farm State School, on the corner of James and Heal Streets, has an equidistant catchment and an enrolment capacity of 745 students. Check the address against the catchment if you are counting on a place.
Residential Tenancies Authority bond data for the September 2026 quarter puts the median weekly rent for a new New Farm tenancy at $750 for a two-bedroom flat and $700 for all homes. That quarter, the Residential Tenancies Authority recorded 302 new bonds.
At the 2021 Census, 74.5% of New Farm homes were flats or apartments, 20.4% were separate houses and 4.4% were semi-detached or townhouses.
Agents on a Pro plan who serve New Farm
Why a buyers agent
In New Farm, most homes are apartments, parts of the suburb are mapped for river flooding and storm tide, and some homes and flats are heritage listed. A buyers agent who works Brisbane reads the FloodWise report and checks City Plan for each home on your shortlist, prices it against the sales closest to it, and negotiates or bids at auction for you.
Parts of New Farm are mapped for Brisbane River flooding and storm tide, and the 2011 and 2022 flood maps include parts of the suburb. An agent reads the FloodWise report for each address.
Homes, flats and shops in New Farm are on the state or council heritage list. An agent checks the address before you bid.
At the 2021 Census, three in four New Farm homes were flats or apartments. An agent compares buildings, strata and outlook against your budget.
The Queensland Revenue Office charges no transfer duty on a first home valued at $700,000 or less, and the first home concession ends at $800,000. An agent with your conveyancer checks whether the home you choose qualifies before you sign.
Compare
| Metric | This suburbNew Farm | NearbyBulimba | NearbyFortitude Valley | NearbyHawthorne |
|---|---|---|---|---|
| Median house | $2.95M - $4.00M | $1.95M - $2.65M | $1.00M - $1.40M | $2.00M - $2.75M |
| Median unit | $825,000 - $1.15M | $1.00M - $1.40M | $550,000 - $750,000 | $825,000 - $1.15M |
| Rental yield | 1.8% to 2.8% | 2.2% to 3.2% | 4.3% to 5.3% | 2.3% to 3.3% |
| Postcode | 4005 | 4171 | 4006 | 4171 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
New Farm had 12,197 residents at the 2021 Census, with a median age of 39. It is in the Brisbane City Council area.
At the 2021 Census, 23.8% of New Farm homes were owned outright and 20.2% with a mortgage. The median weekly rent at that Census was $405 and the median monthly mortgage repayment was $2,264.
Frequently asked
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Editorial review: 25 October 2026.
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