Why Brisbane's New Farm is Queensland's priciest postcode

Driving through New Farm’s streets reveals a flurry of renovations, with home owners pouring millions into their properties, echoing the buzz of Sydney’s elite eastern suburbs.

So, what makes this blue-chip Brisbane locale, Queensland’s priciest postcode, so special?

First, there’s the scenery. Embraced by the Brisbane River on three sides, New Farm boasts lush greenery, expansive water views, and the vibrant purple blooms of jacaranda trees each October.

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At its heart are the sprawling green spaces of New Farm Park.

Then, there’s its convenience. While close to the Brisbane CBD and the lively ‘burbs of Teneriffe and Newstead, New Farm is a cosmopolitan hub on its own merits, with a flourishing dining and shopping scene.

The Brisbane Powerhouse adds a dynamic cultural flair, hosting performances and events.

Riverside royalty

“Riverfront living is always in high demand, and New Farm offers the very best of this, delivering luxury, convenience and breathtaking scenery,” says real-estate agent Sarah Hackett of Place New Farm.

“Affluent buyers seek architecturally designed family homes or one-per-floor luxury apartments capturing expansive city and river views.”

The numbers certainly back up all the fanfare surrounding New Farm. According to the latest Domain House Price Report, its median house price is $2.87 million, a staggering increase of 76.6 per cent over the past five years.

“Minimal supply combined with a strong desire to move to New Farm has driven up median house prices,” Hackett says.

“We’ve seen a significant demand from southern buyers seeking a cosmopolitan lifestyle, as well as empty nesters looking for luxury apartments.”

From Italy, with love

Jocelyn Ridgway, the local interior designer and artist behind Little Bowerbird Interiors, is deeply fond of the area.

Her love of colour and eclectic style reflect the charm that defines New Farm.

“I’ve always admired New Farm’s architectural variety, from Queenslanders to art deco apartments and modern builds,” Ridgway says.

“It has a wonderful, tight-knit community, many of whom are long-term residents of an older Italian generation who contribute so much to its tapestry.”

It’s no wonder why Brisbane locals affectionately call New Farm “Little Italy”, a nod to the many Italian immigrants who first settled here and significantly contributed to its trendy food and coffee scene.

“A prime example is New Farm Deli, a long-standing, family-run Italian eatery and a beloved Brisbane icon,” Ridgway says.

“I love getting a takeaway coffee and cannoli and wandering down to New Farm Park to enjoy the river. These moments make life in New Farm both delightful and distinctly Brisbane.”

For sale in New Farm

SOLD - $5,315,000

112 Browne Street, New Farm QLD 4005

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View property

Price guide: $5.5 million+

Private sale

Agent: Place Estate Agents New Farm, Heath Williams 0403 976 115

Reimagined by Mason Bright architects, this classic Queenslander, spills over two lavish levels and flaunts high ceilings, timber floors, indoor gardens, and custom cabinetry. Full-height sliding doors open to an outdoor oasis with a kitchen, fireplace, level lawn and pool.