We’ve just secured our next development site at New Farm, so we thought we’d give you an in-depth look at the suburb and why this site is a great opportunity for investors.
New Farm is a riverside suburb on Brisbane’s inner-Northern side, only 2 kilometres from the CBD. Situated on a bend in the Brisbane River, the South-East side of the suburb is home to the historic New Farm park, while the North-West side connects to Fortitude Valley.
New Farm combines the old with the new—the suburb is home to both vintage Queenslander-style homes and contemporary developments on the same shady, tree-lined streets.
New Farm is a suburb that has everything within walking distance: shops, a farmer’s market, restaurants, bars and even an arthouse cinema. New Farm is well-serviced by public transport making the 2km trip to the city a quick one, and Fortitude Valley’s nightlife is only a 15-minute stroll away.
Historically an immigrant suburb, New Farm has become Brisbane’s second most expensive suburb with a median house value of more than $2 million, with plenty of untapped potential remaining.
Since it is so close to Brisbane’s CBD, New Farm is set to benefit from many of the infrastructure upgrades and developments that are currently underway in the Brisbane CBD area:
- The 2032 Summer Olympics infrastructure, including the construction of the Brisbane Arena and the re-development of The Gabba;
- The Cross River Rail, a 10km rail line with twin tunnels running under the Brisbane River;
- The Brisbane Live development at Roma Station, an 18,000 seat entertainment arena complex connected to the Cross River Rail system;
- Queen’s Wharf Brisbane, a $3.6 billion casino and resort complex;
- And many more.
For more information about our opportunity in this suburb, schedule a call with our Capital Advisory team.
