New Farm is an inner city suburb in Brisbane located only 2km east of the Brisbane CBD. It is situated along the banks of the Brisbane River. It is surrounded by the Brisbane River as well as suburbs such as Fortitude Valley, Newstead and Teneriffe.

The inner City regions surrounding the Brisbane city have flourished in recent times with the continued demand for medium and high density residential development. The recent South East Queensland Regional Plan (SEQRP) has forecast a demand for 158,000 new dwellings to be delivered to Brisbane by 2031. This is equivalent to delivering over 70 ten storey towers per year for the next 20 years to meet demand. This confirms the underlying demand for residential apartments in the inner city suburbs exists today and will continue to exist in the future.

Brisbane’s Inner Northern suburbs have outperformed other surrounding fringe city suburbs as it is now Brisbane’s fastest growing corridor.

The New Farm Peninsula is also one of the strongest in the market at the moment for rentals with 57% of the units in the area rented. There are very low vacancy rates of 2.8% in the area. This combined with continued capital growth of on average 10% per year means that the New Farm Peninsula provides a strong indication of a good investment property location in Brisbane. This is supported by rentals in the area increasing by 12.8% in the year to June 2010.

New Infrastructure developments and upgrades have enhanced the integration of Brisbane suburbs providing both employment nodes and efficient transport nodes for Brisbane City residents. In the 09/10 financial year, Brisbane City Council committed over $1.53 Billion in new infrastructure including roads, transport and other capital works.
Inner City Brisbane suburbs are a must to consider if you are looking for a quality new apartment investment in Brisbane. For those that are looking north east of the city, you should consider the New Farm Peninsula including suburbs such as New Farm, Newstead and Teneriffe.

If you are looking to invest in Teneriffe, visit Find Investment Property to find out more about a new apartment development called The Hyde.