How much rent could you charge?

Real Estate New Farm

Are you a New Farm real estate owner? It may be worth finding out just how much rent you could receive for your property in the current rental market. The real estate market is constantly changing and keeping informed about both the rental market and the sales market is your best way of keeping abreast of New Farm property.

Not thinking of renting your property? That’s OK, most people that visit our website intend on living in their home for many years to come – but by knowing the rental value of your home, you can understand the property demands within your local market.

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New Farm Real Estate

For a number of years now, the desirability of New Farm has boosted significantly. Local industry growth, infrastructure investment and rejuvenations has seen the area become the place to be in Brisbane, and helped New Farm real estate owners capitalise on their property purchases.

Some of the significant elements contributing to New Farm real estate growth include expansions of public transport, road infrastructure, SME growth and its close location to the Brisbane central business district. The popularity of the New Farm suburb is also due to its unique culture.

Most real estate agents in New Farm are located along Brunswick Street, with a small pool of agents in the center of the street near the cafe and restaurant strip. These real estate agents offer New Farm Property Management services also in the surrounding areas including Fortitude Valley, Newstead and Teneriffe. As the number of apartment buildings continue to grow, more investors will purchase property in the area that need to be managed. Some of the most recent property developments on Ann Street have encouraged an increase in investments for the North Brisbane location.

Map of the New Farm area, near Brisbane in Australia. Real estate agents in the 4005 postcode.

New Farm Auction Clearance Rates

The market is moving and according this weeks figures, properties in the 4005 postcode are being sold under the hammer at auction. Auction clearance rates around the states as of February 17, 2019 are:

Adelaide: 63.8%. 106 auctions reported, 67 were sold at auction.
Melbourne: 78.3%. 1012 auctions reported, 792 were sold at auction.
Tasmania: 35.7%. 14 auctions reported, 4 were sold at auction.
Canberra: 70.3%. 43 auctions reported, 30 were sold at auction.
Sydney: 85%. 885 auctions reported, 752 were sold at auction.
Brisbane: 50%. 136 auctions reported, 68 were sold at auction.
Perth: 41.9%. 36 auctions reported, 15 were sold at auction.

Real Estate in New Farm

In New Farm, the property combination is always varying, primarily caused by renovations on old charm filled properties, new apartment buildings being completed and new houses being completed on high demand New Farm vacant blocks as they enter the market.

New Farm Real Estate Agents

Should you be searching for New Farm real estate agents, you will discover majority of the agencies located in the main street in New Farm. The majority of these agencies will form a member of a franchise network, with a small number running uniquely branded agencies. The agencies are obvious and usually positioned near each other.

New Farm Real Estate Market February 2019

In New Farm, the last thirty days has felt consistent sales using auction and private treaty. This shows the New Farm real estate market is evidently remaining consistent caused by a growing stream of properties on the market.

Home owners are noticing that homes are under contract in under 6 weeks, subject to the home being promoted at a market agreeable price. New Farm property consultants are suggesting online advertising is the strongest source of buyers.

Find out more about New Farm Rentals, or visit New Farm Property Management