Question 1

Is Newmarket a nice place to live?

Accepted Answer

Newmarket, in inner-north Brisbane, combines a village shopping strip along Newmarket Road with leafy residential streets and convenient public transport. Around Newmarket Village there are cafes, bakeries and independent shops, and residents use Newmarket railway station and regular buses for trips across the city. Housing ranges from timber Queenslanders and modest postwar cottages on established blocks to pockets of newer townhouses and low-rise apartments near the main road, so it suits young professionals, families and downsizers who want a quieter neighbourhood feel with nearby parks and sporting fields while remaining within easy reach of the city and larger retail precincts.

The suburb has a population of 5,083, a median age of 33 and a typical household income of $2,251 a week (about $117,000 a year). Homes are more often owner-occupied than rented and couple families make up the majority of households. Several council and state projects are affecting local transport, sport and school infrastructure: station accessibility upgrades at Newmarket station are complete, the Olympic Pool has been upgraded, there are plans for the Enoggera Creek sport and recreation precinct covering nearby parks, and a new school building has been named to provide extra classrooms. Whether that mix suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Newmarket?

Accepted Answer

Buying and renting tell different stories in Newmarket. A median house price of $1,725,000 works out to about 14.7 times a typical local household's annual income at the last Census (weekly income $2,251, annual $117,052), while the median unit price of $850,000 is about 7.3 times that annual income. On those figures, buying sits well above what local households earned at the last Census, particularly for houses.

For renters, a house rent of $780 a week would take about 34.7% of a typical local household's weekly income at the last Census ($2,251), a sizeable share, while unit rent of $550 a week is roughly 24.4% of that weekly income, a moderate share. Which of those feels 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 Newmarket a good place to invest?

Accepted Answer

Over the past 12 months in Newmarket, values climbed strongly while rents rose only modestly. Unit values increased 23.2% and house values increased 17.8%, so units were the stronger performer on the capital-growth side. By comparison, unit rents rose 4.8% and house rents rose 4.0%, both modest increases.

If you care most about capital growth, the figures this year show stronger movement on the unit side; if rental income is your priority, the rent increases have been much smaller. Whether that balance fits your goals and circumstances is for you to decide.

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	$1.73M	$850K
Change in value Past 12 months	17.8%	23.2%
Sold Past 3 months	15	11
Median days on market Past 12 months	18	14
Average rent Past 12 months	$780	$550
Change in rent Past 12 months	4.0%	4.8%

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