$405 ▲ +15.7%
Higher than 64% of statistical area 2 (sa2) areas.
- 2011: $350
- 2016: $400
- 2021: $405
Median weekly rent paid by households renting their home.
New Farm · Statistical Area 2 (SA2)
Where and how people live — the homes, how they are held, and what they cost.
More people rent their homes in New Farm than in almost any other similar area. This high rental rate is mirrored by a lack of detached houses, with apartments making up the vast majority of the local housing stock. The typical resident faces costs well above the state average, particularly for home loans.
All statistical area 2 (sa2) areas, 2021. The marker is New Farm — higher than 64% of areas.
| New Farm | $405 |
|---|---|
| 4005, QLD | $450 |
| Queensland | $365 |
| Australia | $375 |
Rents, mortgages and crowding.
Typical monthly home-loan payments are $2,276, which is well above the Queensland figure of $1,733. Weekly rents are also higher than most areas at $405, having risen by $55 since 2011.
$405 ▲ +15.7%
Higher than 64% of statistical area 2 (sa2) areas.
Median weekly rent paid by households renting their home.
$2,276 ▲ +3.5%
Higher than 79% of statistical area 2 (sa2) areas.
Median monthly mortgage repayment for households with a mortgage.
In New Farm, the largest group is $350–$549 at 47%, followed by $200–$349 (21%) and $550–$749 (13%).
In New Farm, the largest group is $3,000 or more at 38%, followed by $1,800–$2,999 (25%) and $1,000–$1,799 (24%).
How homes are owned or rented.
Renting is far more common here than across Australia, with 53.6% of households renting. Meanwhile, the proportion of homes owned outright is 23.9%, which is well below the national figure of 31.0%.
53.6% ▼ -5.4%
Higher than 91% of statistical area 2 (sa2) areas.
Share of occupied private dwellings that are rented.
23.9% ▲ +17.1%
Lower than 75% of statistical area 2 (sa2) areas.
Share of occupied private dwellings owned outright (no mortgage).
In New Farm, Rented is the majority at 54%; Owned outright is next at 24%.
Houses, townhouses, apartments and bedrooms.
Apartments dominate the landscape, making up 74.2% of homes, while separate houses are far less common than in the rest of the state at just 20.9%. Because there are so few large homes, the number of people per bedroom is a little above the national figure.
0.90 ▼ -18.2%
Higher than 86% of statistical area 2 (sa2) areas.
Average number of usual residents per bedroom — a crowding measure.
20.9% ▼ -3.2%
Lower than 95% of statistical area 2 (sa2) areas.
Share of occupied private dwellings that are separate houses.
35.7% ▲ +9.0%
Lower than 95% of statistical area 2 (sa2) areas.
Share of occupied private dwellings with three or more bedrooms.
In New Farm, Flat or apartment is the majority at 74%; Separate house is next at 21%.
In New Farm, the largest group is 2 bedrooms at 41%, followed by 3 bedrooms (24%) and 1 bedroom (21%).
Australian Bureau of Statistics. (2021). Housing & Dwellings in New Farm [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sa2/305011109/new-farm/topic/housing-dwellings