Opportunity: New Farm

With its tree lined streets, ornate heritage houses, arts, culture and fine dining, New Farm epitomises Brisbane’s vibrant lifestyle and local contemporary style.

Central and accessible

  • Two kilometres from Brisbane’s Central Business District (CBD)
  • Well served by ferries with terminals at Sydney Street and New Farm Park including the free CityHopper
  • Frequent bus services including the 196 and 199 BUZ
  • Riverwalk provides access to the CBD for cyclists and pedestrians
  • Easy connection to train station in neighbouring Fortitude Valley
  • Easy access to Story Bridge providing car and pedestrian river crossing to Kangaroo Point

Local trends

  • Riverfront
  • Highly sought after residential
  • Affluent, village feel
  • Boutique wining and dining
  • Character housing and new apartments
  • Professionals and families

Precincts

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  1. Brunswick Street – restaurants, bars and cafés
  2. Merthyr Village Shopping Centre – shopping centre with groceries and speciality stores
  3. Brisbane Powerhouse – contemporary multi-arts, dining and conference venue and home to weekend markets
  4. New Farm Park – riverfront park popular for weddings and events
  5. Riverfront recreation and entertainment - Merthyr Bowls Club Barefoot Bowls and Riverside Receptions

Driving opportunity

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Population growth

Generating additional demand for goods and services

 

  • Expected to grow at almost 1% per annum
  • More than 48% of working age population under the age of 35
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Development activity

Bringing more people to live and work in the area

 

  • Zahra boutique development at Oxlade Drive providing 22 luxury apartments and townhouses
  • The Maxwell providing 16 luxury apartments over 5 levels at Maxwell Street
  • Boardwalk Residences at Griffith Street including 11 bespoke apartments
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Infrastructure projects

New roads, transit, school, hospitals and other major infrastructure projects create opportunities for business

  • New Farm Library refurbishment to improve accessibility and provide new features, including a new outdoor terrace
  • Streetscape Improvement works to refresh the retail precinct at the intersection of Merthyr Road and Brunswick Street
  • New Farm Riverwalk will be connected to the CBD by the $110 million Howard Smith Wharves redevelopment in Fortitude Valley
  • New docking hub designs to improve river access at New Farm Park
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Talented people

Access to a skilled workforce

 

  • 41% with bachelor degree level of education (compared to 32% for Brisbane Local Government Area)

Who has taken the opportunity?

  • Dog-friendly café, Ginger & Rose, opened on Merthyr Road (2018)
  • Hellbound bar opened in Brunswick Street (2018) 
  • Vegan restaurant Dicki's opened in newly renovated premises on Brunswick Street (2018)
  • The Paper Empire opened its invitations, cards and stationery store in James Street (2017)
  • The Brunswick Project chose an older Queenslander cottage for a café (2017)
  • Dell Mano Brownies relocated from Teneriffe to a new space inside Merthyr Village Shopping Centre (2017)

Planning frameworks

More information

Last updated:16 April 2019