Opportunity: New Farm | Brisbane City Council

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

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

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

Infrastructure projects

New roads, transit, school, hospitals and other major infrastructure projects create significant 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 Howard Smith Wharves redevelopment in Fortitude Valley
  • New docking hub designs to improve river access at New Farm Park

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?

  • 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

Other Inner City investment areas

View other great investment areas in the Inner City including Brisbane CBDDutton Park and FairfieldFortitude ValleyHighgate HillKangaroo PointKelvin Grove and HerstonNew FarmNewstead and Bowen HillsPaddington and MiltonRed HillSouth BrisbaneSpring HillWest End and Woolloongabba.

02 August 2018