New Farm · Statistical Area 2 (SA2)

Economy & Advantage in New Farm

How well-off the area is, how fast its population is growing, and the businesses and new homes here.

A typical resident in New Farm is much more advantaged than 90% of other areas, with an overall advantage score of 1,107. While the area is highly ranked for wealth and resources, its most striking feature is its extreme level of education and job skills.

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📍 New Farm, Statistical Area 2 (SA2)

Where New Farm sits — Socio-economic advantage (IRSAD decile)

9
1 2 3 4 5 6 7 8 9 10

All statistical area 2 (sa2) areas, 2021. The marker is New Farm — higher than 86% of areas.

Socio-economic advantage (IRSAD decile) compared with the state and national average
New Farm9
4005, QLD 10

Socio-economic advantage

SEIFA indexes ranking relative advantage and disadvantage.

New Farm is among the most highly educated and skilled areas in the country, scoring a 10 out of 10. This helps explain why its overall advantage is larger than about 89% of similar places.

9

Higher than 86% of statistical area 2 (sa2) areas.

ABS Index of Relative Socio-economic Advantage and Disadvantage, 2021, as a national decile: 1 = among the 10% most disadvantaged areas in Australia, 10 = among the 10% most advantaged. IRSAD summarises both advantage and disadvantage, so a high score reflects relatively many high-income, well-educated households and few low-income, low-skill ones.

9

Higher than 86% of statistical area 2 (sa2) areas.

ABS Index of Relative Socio-economic Disadvantage, 2021, as a national decile: 1 = among the 10% most disadvantaged areas in Australia, 10 = among the least disadvantaged. IRSD focuses on disadvantage alone (low income, low education, unemployment, unskilled occupations), so a higher decile means relatively less disadvantage.

3

Lower than 71% of statistical area 2 (sa2) areas.

ABS Index of Economic Resources, 2021, as a national decile: 1 = among the 10% lowest areas for economic resources in Australia, 10 = among the highest. IER reflects the income, housing costs, dwelling size and assets of households, so a higher decile means relatively greater economic resources.

10

Higher than 99% of statistical area 2 (sa2) areas.

ABS Index of Education and Occupation, 2021, as a national decile: 1 = among the 10% lowest areas for education and occupation in Australia, 10 = among the highest. IEO reflects residents' qualifications and the skill level of their jobs, so a higher decile means a more highly educated and skilled workforce.

1,107

Higher than 88% of statistical area 2 (sa2) areas.

ABS Index of Relative Socio-economic Advantage and Disadvantage, 2021, as a raw index score (standardised so the Australian average is about 1000). Higher scores indicate relatively greater advantage; lower scores greater disadvantage.

Population growth

Annual population estimates and change since the census.

The population has grown by 9.5% since 2021, which is much higher than most areas and slightly above the Queensland figure of 8.7%.

Business & building

Operating businesses and dwellings approved.

Commercial activity is strong in this part of Brisbane, with 1,742 businesses, a count that is larger than about 83% of similar areas.

1,742

Higher than 82% of statistical area 2 (sa2) areas.

Operating businesses (ABS Counts of Australian Businesses), June 2025.

Sources

  • Socio-Economic Indexes for Areas (SEIFA) — Australian Bureau of Statistics, 2021 (CC BY 4.0).
  • Regional Population (Estimated Resident Population) — Australian Bureau of Statistics, 2024 (CC BY 4.0).
  • Counts of Australian Businesses & Building Approvals — Australian Bureau of Statistics, 2025 (CC BY 4.0).

More for New Farm

Cite this page

Australian Bureau of Statistics. (2021). Economy & Advantage in New Farm [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/305011109/new-farm/topic/economy-advantage