Suburb report · QLD 4005
New Farm
Prepared by the property strategists at Chase Wealth Australia
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Population
13,359
New Farm suburb profile
Who lives in New Farm
At 2km from the Brisbane CBD, New Farm is an inner-city suburb. New Farm is home to 13,359 people, a scale matched by fewer than 8% of Queensland suburbs. By population it is number 46 of 317 suburbs within 40km of the Brisbane CBD. At 38, the median age sits in the middle of the Queensland range, older than 42% of suburbs. Against the 317 suburbs within 40km of the Brisbane CBD, it is older than 179 and younger than 106.
Income and home ownership
A median household income of $115,600 places New Farm in the upper band of Queensland suburbs. Among the 317 suburbs within 40km of the Brisbane CBD, 152 report a higher median household income. Renters are the majority: 54.8% of households rent and 45.2% own, one of the lowest ownership shares in Queensland. On ownership it ranks 277 of 317 suburbs within 40km of the Brisbane CBD.
Household mix
At the 2021 Census, 5,710 households lived in New Farm, more than in 95% of Queensland suburbs. Lone-person households lead the mix: families with children 20%, couples without children 28.8%, people living alone 42.5% and group households 8.7%. Of the 317 suburbs within 40km of the Brisbane CBD, 304 have a higher share of families with children and 12 a lower one. The share of families with children, 20%, is lower than in 97% of Queensland suburbs. Couples without children, at 28.8%, sit near the Queensland middle, at the 57th percentile.
Housing supply
51 new dwellings were approved across the New Farm statistical area in the year to June 2025, in line with its 2020 to 2024 average of 53 a year. The New Farm statistical area had 13,880 residents in 2025 and closely matches New Farm. That is 3.7 approvals per 1,000 residents of that area, close to the 3.2 of a typical Queensland statistical area. The busiest year for approvals since 2020 was 2021, with 94, and the quietest was 2022, with 17.
Population trend
From 2020 to 2025, the New Farm statistical area expanded its population by 5.3%, against 9.7% for Queensland as a whole. Over those 5 years a typical Queensland statistical area added 6.3%, putting this area 1 points behind. It ranks at the 42nd percentile of Queensland statistical areas for population growth over the period. Year by year, the change ran from -3.9% in 2021 to 3.7% in 2023.
Against its neighbours
The sharpest contrast among the nearby suburbs is Brisbane City, where the median age is 30 compared with 38 here. On the share of families with children, Kangaroo Point comes closest to New Farm: 15.2% against 20%. Fortitude Valley, 2km away, has 11,854 residents and a median household income of $97,200.
Location
Demographics
ABS Data by Region to 2025, on ABS Census 2021 suburb baselineHousehold Mix Census 2021
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Reading this report
Every figure in the New Farm data table is dated at its source. Supply and population change cover the New Farm statistical area, whose boundary differs from New Farm's, and our guide to reading a suburb report explains how our buyers agents weigh them.
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This report is market intelligence prepared by Chase Wealth Australia for general information only. Figures are statistical estimates for the suburb, not valuations of any individual property, and do not constitute financial or credit advice. Consider your circumstances and seek professional advice before acting. Demographic figures are sourced from the Australian Bureau of Statistics, Census 2021 (licensed CC BY 4.0) where available.