Question 1

Is New Farm a nice place to live?

Accepted Answer

New Farm is an inner-city riverside suburb on a Brisbane River peninsula, centred on New Farm Park and anchored by the Brisbane Powerhouse. Tree-lined streets contain a mix of classic timber Queenslanders and renovated cottages alongside modern riverside apartments, many with river outlooks. The area leans towards a relaxed, café-focused lifestyle with neighbourhood bakeries, eateries and small shops near the park, and riverwalks, ferries and cycle routes that make getting into the city straightforward.

About 12,197 people live here and the median age is 39; families are weighted towards couple households, especially couples without children, with couples (with and without children) making up 87.2% of families. Typical household income is $2,069 a week and dwellings are more commonly rented (54.8%) than owner-occupied (45.2%). Council works around New Farm Park, the River Hub pontoons, Powerhouse precinct improvements, new school facilities and some social housing refurbishments add to local amenity. Whether New Farm suits you will come down to how much you value riverside parkland, cafés and easy city access.

Question 2

Is it expensive to live in New Farm?

Accepted Answer

On the figures, New Farm shows a large gap between local incomes at the last Census and the cost of buying. With a median house price of $3,652,500 and a typical household income of $2,069 a week (about $107,588 a year), a house works out to roughly 34.0 times a local annual household income at the last Census. Units at $960,000 are about 8.9 times a local year's household income, which is also well above local incomes.

Looking at renting, a house rent of $1,100 a week would take about 53.2% of a typical local household's weekly income at the last Census, a large share. A unit rent of $680 a week would take about 32.9% of that income, a sizeable share. If you're renting rather than buying, those rent shares are the most relevant numbers; whether they feel expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is New Farm a good place to invest?

Accepted Answer

House values in New Farm jumped 26.9% over the past year, a strong rise on the capital-growth side of the market. Unit values also rose, up 10.3% over the year, a solid increase but smaller than the house gain, so houses led on price growth. Unit rents increased 4.6% over the 12 months, a modest rise and the figure most relevant if rental income is your priority. Whether that balance fits your investment goals depends on your circumstances and objectives.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$3.65M	$960K
Change in value Past 12 months	26.9%	10.3%
Sold Past 3 months	10	53
Median days on market Past 12 months	31	17
Average rent Past 12 months	$1100	$680
Change in rent Past 12 months	N/A	4.6%

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