New Farm snapshot
- Median price: $1,985,977
- Median weekly rent: $915/wk
- Population: 12,454
- Days on market: 45 days
How New Farm stacks up
- Rental Yield: Low
- Capital Growth: Strong
- Vacancy: High
About New Farm
New Farm, located in Queensland, is a vibrant suburb with a median property price of nearly $2 million. This area is known for its strong capital growth, making it an attractive option for property investors looking for potential appreciation in their investments. The suburb's population of over 12,000 residents contributes to a lively community atmosphere, which can enhance the desirability of rental properties.
While the rental vacancy rate is high, indicating a competitive rental market, the median weekly rent stands at $915. This suggests that investors can still achieve solid rental income despite the current vacancy conditions. With typical days on the market averaging around 45, investors may find opportunities to secure properties that align with their investment strategies.
Frequently asked questions
What is the median property price in New Farm?
The median property price in New Farm is approximately $1,985,977.
How many people live in New Farm?
New Farm has a population of about 12,454 residents.
What is the typical rental income in New Farm?
The median weekly rent in New Farm is $915.
How long do properties typically stay on the market?
Properties in New Farm typically stay on the market for around 45 days.
What is the capital growth outlook for New Farm?
The suburb is experiencing strong capital growth.