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New Farm, QLD 4005

Home » QLD Real Estate Data » Inner Brisbane, QLD » New Farm, QLD 4005

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for New Farm, QLD 4005 located in Brisbane to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “New Farm, QLD 4005”

  1. The total adult population (15 years or older) of New Farm 4005 QLD is 11,055, with a median age of 39. Of those, 31.14% are married, 12.54% are divorced or separated, 51.94% are single and 4.38% are widowed.

    The average household size is 1.9 people per dwelling, and the median household monthly income is estimated to be $12,692. The median monthly mortgage repayment for households in this suburb is $2,264 which is 17.84% of their earnings.

    Source: ABS Census Data (2021)

  2. The appealing suburb of NEW FARM, based in Queensland and home to approximately 7979 households, presents an interesting dynamic in terms of property investment. As of Q3 2023, the typical prices for houses are around the $2.71 million mark. Coupled with a median weekly rent of $958, it results in an indicative yield of 1.84%. Even though the yield is below the attractive market requirement of 3%, every investment should be assessed based on more comprehensive metrics.

    The area exhibits a good socio-economic standing, scoring 1108 on the IRSAD metric, closely nearing the top score of 1217. This indicates that the residents enjoy a relatively high-quality lifestyle, which can be attractive for potential renters or buyers.

    The renter to owner ratio in the suburb is at 53%, slightly beyond the ideal investment range. This implies a competitive rental market due to high renter concentration and is offset by the increased appeal to renters. The units to houses ratio sits elevated at 75%, pointing towards an oversupply of units in the area. This condition could affect long-term returns and price growth.

    The affordability of houses is contrarily on the higher side with the index measuring at 84 years, indicating a less affordable housing market. Coupled with this, the stock on market Percentage for houses is 0.46%, just slightly above the favourable range, pointing towards a slight abundance of unsold properties in the area.

    The inventory for houses is at an impressive 1.67 months. This low inventory suggests a favourable market condition, highlighting the fact that houses listed for sale are likely to be bought quicker. Furthermore, the Building Approval Ratio is low at 0.23%, pointing to a slow pace of new residential buildings and favouring a low supply market.

    Days on market (DOM) for house listings is quite low at 25 days, indicating a high demand and less time for properties to sell. The vacancy rate, including both units and houses, is just 1.27% suggesting a high demand from renters with limited supply. However, the buy search index is at 3 which indicates a neutral level of demand from potential property buyers.

    In conclusion, while some metrics such as the high units ratio and lower yield might deter cashflow-focused investors, the favourable indicators such as low inventory, low DOM, and impressive socio-economic score are positive signs. It’s important to observe these metrics trends over time and balance all factors when considering investing in the property market of New Farm. Also, it’s beneficial to use such tools as RCS (Relative Composite Score) developed by HtAG analytics that automate the research using a comprehensive list of over 80 metrics to derive a more in-depth understanding of the market.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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