New Farm Waterfront Properties Drive Price Momentum in Local Market

New Farm riverfront properties recorded a median sale price of $1.92 million in the June quarter, up from $1.68 million six months earlier according to local transaction records.

The surge comes as waterfront parcels along the inner reaches of the river attract steady interest from owner-occupiers and small-scale investors seeking proximity to established transport links and parkland. Local agents report that listings on streets such as Oxlade Drive and Sydney Street cleared faster than comparable non-waterfront stock in the same postcode.

River Renewal Program Fuels Interest

The New Farm Riverfront Renewal Program, launched in late 2025, delivered new boardwalks and lighting between Merthyr Road and the New Farm Park ferry terminal. Buyers now cite the completed works when negotiating contracts, with three waterfront lots on Villiers Street settling above asking price in May alone. The nearby New Farm Markets site, operated by the New Farm Traders Association, added weekend foot traffic that supports cafes and small retail tenancies along Brunswick Street.

Transaction volumes reached 47 waterfront sales in the six months to June, compared with 31 sales in the corresponding period of 2025. Average days on market for these properties fell to 19, the shortest interval recorded since the 2023 cycle peak.

Next Steps for Buyers and Sellers

Prospective purchasers should review settlement data from the past quarter before making offers on lots with direct river access. Sellers listing before the September school holidays can capitalise on current momentum by preparing updated valuation reports that reference the June median. Local conveyancers recommend confirming flood overlay details early, given recent council mapping updates released in April.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.