Shane Hiscock
Indooroopilly, QLD+10
Brisbane · Inner Brisbane
New Farm is a vibrant, affluent inner-city suburb known for its leafy streets, riverside lifestyle, and sophisticated yet relaxed atmosphere. It blends historic charm, including classic Queenslanders and Art Deco buildings, with modern architectural homes and apartments. The suburb's strong sense of community and walkability make it one of Brisbane's most desirable and exclusive enclaves.
Market snapshot
Price register · April 2026
Median house
$2.95M - $3.95M
Mid-band $3.45Mspread 29%
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Median unit
$875,000 - $1.20M
Mid-band $1.04Mspread 31%
Days on market
~19-43 days
Median listing-to-sold window. Shorter = tighter buyer field.
Auction clearance
62% to 72%
Share of auctions sold. Brisbane skews private-treaty.
Rental yield
1.5% to 2.5%
Gross yield on house stock. Premium suburbs compress.
5-year house-price growth
+80% to +100%
cumulative since 2021Who buys here
Young professionals · Affluent families · Downsizers
5-year trend
Modelled trajectory anchored on aggregated 5-year median figures. Indicative; not month-by-month observed data.
Market analysis
The New Farm property market is a quintessential blue-chip performer within Brisbane, characterised by high demand, constrained supply, and premium price points. As of early 2026, the median house price sits around $3.45 million, with units at approximately $1.04 million, placing it at the top end of the city's real estate landscape. The market's trajectory has been one of consistent long-term growth, with house prices seeing a remarkable 90.4% increase over the past five years. The most recent 12-month period has seen more moderate, yet still positive, growth for houses at 6.2%, while the unit market has experienced a significant surge of 15.6%, indicating strong demand for more accessible entry points into this premium suburb.
Driving this demand is a powerful combination of lifestyle appeal and location. Situated just 2km from the CBD on a picturesque bend of the Brisbane River, New Farm attracts a wealthy demographic of professionals, downsizers, and families. Supply is structurally tight; the suburb is a peninsula with finite land, and a significant portion is protected through heritage controls and zoning, preventing the kind of high-rise development seen in other inner-city areas. This scarcity of freestanding homes underpins their high value and competitive nature. Days on market are consistently low, with houses selling in an average of just 31 days, reflecting strong buyer competition for limited stock.
The unit market's recent acceleration is noteworthy. It caters to a broader buyer pool, including young professionals and downsizers seeking a low-maintenance lifestyle without compromising on location. Renovated Art Deco apartments and modern boutique complexes are particularly sought after. While rental yields are modest for houses at around 2.0% due to high capital values, the unit market offers a healthier return of approximately 3.0%, attracting investors focused on long-term capital growth and stable rental income from a high-quality tenant pool. Ongoing investment in local infrastructure, including the Brisbane Powerhouse arts precinct and the vibrant James Street and Howard Smith Wharves dining hubs, continues to enhance the suburb's appeal and provides a strong foundation for future price resilience and growth.
With its irreplaceable riverside location and tightly held housing stock, New Farm represents a blue-chip investment in Brisbane's most enduring lifestyle market.
Why a buyers agent
Navigating the New Farm property market requires a nuanced understanding that goes beyond online listings. The suburb is a patchwork of micro-markets, from the prestigious riverfront addresses on Oxlade Drive to the heritage-listed Queenslanders on Moray Street and the chic Art Deco apartments scattered throughout. Many of the best properties, particularly family homes, are traded off-market to pre-qualified buyers, making local agent networks indispensable. An expert buyer's agent provides access to these exclusive opportunities. Furthermore, property values can vary dramatically street by street based on factors like flood risk, proximity to commercial hubs like Merthyr Village, and the specific character of the architecture. Understanding the premiums attached to certain streets, building styles, and renovation potential is critical to avoiding overpayment. A skilled agent can identify the subtle indicators of value and risk that data alone cannot reveal, ensuring you make a sound investment in this competitive, high-stakes market.
With the iconic New Farm Park, the Brisbane Powerhouse, riverwalks, and premier dining precincts at your doorstep, New Farm offers an unmatched inner-city lifestyle.
A tightly held market with constrained land supply just 2km from the CBD ensures strong and resilient long-term capital growth prospects for both houses and apartments.
Excellent access to CityCat ferry services, high-frequency bus routes, and extensive walking and cycling paths makes commuting and travel effortless.
The suburb boasts a beautiful blend of heritage Queenslanders, Art Deco apartments, and modern homes on leafy, established streets, creating a timeless and appealing streetscape.
Compare
| Metric | This suburbNew Farm | NearbyBulimba | NearbyFortitude Valley | NearbyHawthorne |
|---|---|---|---|---|
| Median house | $2.95M - $3.95M | $1.95M - $2.65M | $1.00M - $1.40M | $2.00M - $2.75M |
| Median unit | $875,000 - $1.20M | $1.00M - $1.40M | $550,000 - $750,000 | $825,000 - $1.15M |
| Auction clearance | 62% to 72% | 62% to 72% | — | — |
| Days on market | ~19-43 days | ~17-39 days | ~10-24 days | ~17-39 days |
| Year-on-year growth | +1% to +11% | +7% to +17% | +15% to +25% | +4% to +14% |
| 5-year growth | +80% to +100% | +49% to +69% | +10% to +30% | +28% to +48% |
| Rental yield | 1.5% to 2.5% | 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 is an iconic inner-Brisbane suburb, located just 2km east of the CBD on a sweeping bend of the Brisbane River. Its character is defined by a blend of leafy, tree-lined streets, grand heritage-listed Queenslander homes, a significant collection of Art Deco apartment buildings, and contemporary architectural residences.
The suburb is exceptionally well-serviced by public transport. Two CityCat ferry terminals at Sydney Street and New Farm Park provide scenic and efficient travel to the CBD and other riverside suburbs. Multiple high-frequency bus routes, including the 196 and 199 services, run along Brunswick Street and Merthyr Road, connecting residents to Fortitude Valley and the city in minutes.
New Farm is a major lifestyle destination. The 37-acre New Farm Park is one of Brisbane's most beloved green spaces, home to sprawling lawns, rose gardens, and the Brisbane Powerhouse, a major centre for arts, culture, and theatre. The suburb boasts several vibrant retail and dining precincts. Merthyr Village provides local shopping essentials, while Brunswick Street and the nearby James Street precinct (in Fortitude Valley) offer a high-end collection of cafes, bars, and restaurants like Beccofino and the New Farm Deli.
Families are well-catered for with highly regarded local schools including New Farm State School and the private Holy Spirit School. Its proximity to the CBD also provides easy access to some of Brisbane's most prestigious secondary schools, such as All Hallows' School, St Joseph's College (Gregory Terrace), Brisbane Grammar School, and Brisbane Girls' Grammar School.
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The 5-year trajectory is a modelled curve anchored on the documented cumulative growth rate. Editorial review: 13 May 2026. Updated quarterly.
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