property

New Farm's Transit Links and Road Upgrades Drive Property Value Climbs

New transit links and planned road upgrades are drawing buyers to New Farm as property values climb along the corridor.

By New Farm Property Desk · Published 8 July 2026

How we reported this

This article was written by AI from the linked sources and was not reviewed by a journalist before publishing. Brisbane Weather News is part of The Daily Network and follows our reasonable editorial care.

New Farm recorded a 12 percent rise in median apartment prices to $892,000 in the June quarter, driven by the scheduled 2027 opening of the Moray Street transit hub.

The upgrade forms part of a wider corridor plan that connects New Farm directly to the city core and the riverfront precincts, at a time when global supply chains and energy costs have pushed developers to favour established inner areas with existing services.

Work on the hub includes a new bus interchange at the corner of Moray and Bowen Streets plus a dedicated cycle path running beside the New Farm Community Centre. The adjacent James Street market site is also slated for a mixed-use redevelopment that will add 180 apartments and ground-floor retail by late 2028.

Infrastructure timeline and local impact

Council documents show the Moray Street project received final funding approval in March 2026, with construction crews already clearing the former surface car park. The changes sit alongside the ongoing renewal of the Powerhouse cultural venue, which reopened its expanded foyer in April and now hosts weekly community forums on the corridor works.

Price evidence and buyer activity

CoreLogic data for the suburb lists 47 apartment sales above $950,000 since January, compared with 29 in the same period last year. One three-bedroom unit on Villiers Street settled at $1.15 million in May, 18 percent above its 2024 valuation. Agents report the strongest interest from owner-occupiers relocating from outer areas who want direct access to the new hub without relying on the existing ferry service.

Buyers considering entry should review the latest corridor masterplan on the council website and inspect properties within 400 metres of the Moray Street site before the next price adjustment expected after the 2027 opening.

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.

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