Are you looking to purchase a home or investment property in Newmarket? As a NewmarketBuyer’s Agent we’d be happy to help and have compiled the following suburb profile for your information. Best wishes with your Newmarketproperty purchase!
The population of Newmarketin 2016 was around 4,986 and continues to grow. 46.8% of households in Newmarketare owner occupied and consistent predominantly of professional couples with children (20-29 years old).
Newmarket Village in Enoggera Road is the largest shopping centre in the area. It includes a supermarket, cafes and restaurants as well as a movie theatre.
There is a train line running through the suburb. It takes approximately 13 minutes to get to the CBD by train. There are also several convenient busses connecting Newmarket with the CBD and surrounding suburbs.
The area is home to a number of great private and public schools including St Ambrose’s School, St Columba’s Primary School, Newmarket State School and Kelvin Grove State College.
Banks Street Reserve is the largest green space in Newmarket. The bushland offers several hilly walking paths and is very popular with mountain bikers and local dog owners.
Breakfast Creek in located in the southern part of the suburb. Enoggera Creek bikeway, which runs along Breakfast Creek, is very popular with cyclists, particularly residents commuting to work in the CBD.
The area close to the Newmarket train station is more densely populated compared to the rest of the suburb with many new unit complexes built in the past few years.
Traffic noise can be an issue for properties close to Enoggera Road, Newmarket Road and Wilston Road. Buyers should check the Brisbane City Council Flood Maps, as some areas (especially streets located close to Breakfast Creek) are susceptible to flooding.
Just over half (55%) of properties in Newmarketare free standing houses.
The suburb is particularly well known for its Queenslander houses. These character weatherboard homes were built in the early 1900s. A typical block size for this type of home is 600m2.
The median house price in Newmarket is $1,480,000 which is well above Brisbane’s median.
The median house price in Newmarket would typically buy a 4-bedroom, 2-bathroom house on a 405 m2 block. For example: 79 Erneton Street, Newmarket sold for $1,339,000 in Aug 2024 (click to view listing and see images below).
The median unit price in Newmarket is: $558,650.
This amount would typically buy a 2-bedrooms, 1-bathroom apartment in an older-style complex. For example: 3/32 Terrace Street, Newmarket sold for $609,000 in June 2024 (click to view listing and see images below)
Despite a 2.7% drop in house prices over the past 12 months to August 2024, the market has shown strong performance over the last 5 years, with the median house price rising by 81.6%.
In contract, units in Newmarket have performed strongly over the last 12 months (10.2%). In the last 5 years the median price of units has increased by 38.7%.
**Statistics are accurate for August 2024
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