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 grown exponentially. New Farm real estate owners have been able to capitalise majorly on their property purchases due to rejuvenations, infrastructure investments and local industry growth.

To most, the popularity of New Farm is due to the unique culture within the suburb. There are also primary elements contributing to New Farm real estate value increases, including expansions of public transport, road foundations, enterprise growth and its close location to the Brisbane central business district.

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 July 21, 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 July 2019

The real estate market in New Farm is certainly powering through with a consistent stream of new properties hitting the market. The past month has seen steady movement in both auctions and by private treaty.

Property sellers are finding that properties are moving within 4 to 6 weeks, conditional to the property being marketed at a fair price. New Farm agents are reporting buyers are emerging primarily from the internet.

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