Real Estate New Farm, QLD, 4005 Brisbane

Thinking about buying in New Farm? Now could not be a better time, with a whopping 10316 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $1,578,000 with prices in this suburb ranging from $240,000 to $13,058,000.

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New Farm Real Estate Market Outlook

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in New Farm are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in New Farm classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in New Farm requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.