How Much is My Home Worth in New Farm?
The median price for a house in New Farm is $1,400,000 as of May 28, 2019. A median-priced unit is $570,000. There have been 62 houses and 205 units sold this year. Of the house sales, 23 were four bedrooms. It takes on average 60 days to sell a house and 54 days to sell a unit. The annual capital growth for homes is 5.98% and units is 2.53%. The 12-month capital growth is -3.23% on houses and -1.18% for units.
The Demand to Supply Ratio or DSR rating puts homes at above average and units as good. The market indicates that there are an even amount of house buyers and sellers. Buyers could get a good property price if the vendor is in a hurry to sell. If you were to purchase or invest in a property in New Farm the capital growth should stay inline of the national average.
House prices and rent returns in New Farm.
- 2 bedroom home No Data Rent per week $500
- 3 bedroom home No Data750 Rent per week $720
- 4 bedroom home $1,475,000 Rent per week $845
- 5 bedroom home $1,863,000 Rent per week No Data
Unit prices and rent returns in New Farm.
- 1 bedroom unit $312,000 Rent per week $320
- 2 bedroom unit $575,000 Rent per week $430
- 3 bedroom unit $850,000 Rent per week $650
Gross rental yield for houses in New Farm is 2.77% and for units, it is 3.71%.
Free Real Estate Appraisal New Farm
Are you going to sell your home? Do you want to know the market price for your house or unit? Most real estate agents provide free property appraisals on units, apartments, land and houses. They determine the property price based on its location to shops, schools and public transport. They also take into account recent sales history. Property appraisers will deliver a fast and accurate value of your home and what you can expect as an offer in today's property climate.
Free Rental Appraisal New Farm
Do you want to rent your home and need a property manager? Or, do you own an investment property and need a rental manager? There are currently over 1264 homes to rent in New Farm. Rental appraisers will provide a free estimation on your expected weekly rent return. They will discuss with the owner the length of the lease and who they prefer renting their home. Property managers typically manage the rent collection, routine inspections, maintenance and tax accounting. Generally, they have a large database of tenants wanting to rent now.
Property Valuation New Farm
Did you know there is a difference between a property valuation and an appraisal? If, for legal reasons you require a valuation then you have to engage the services of a registered valuer. This service will come with a fee. An appraisal can be performed by any licensed real estate agent.
New Farm, Brisbane
Lifestyle in New Farm
New Farm is located just 1 kilometre east of the Brisbane central business district. The majority of New Farms border runs along the Brisbane River. There are the New Farm Park and a Coles outlet. There are numerous accommodation rentals. You can catch the ferry service to Brisbane.
Schools in New Farm
There are 2 schools in New Farm.
- Holy Spirit Primary School Co-educational
- New Farm State School Co-educational
Real Estate Agents New Farm
- Place Estate Agents - New Farm
- Belle Property New Farm
- McGrath Estate Agents New Farm
- Glenn Gracie Real Estate
- Hutton & Hutton Real Estate
- Tessa Residential New Farm
- Ray White New Farm