Brisbane suburb comparison
New Farm vs Teneriffe
Riverfront neighbours that share a postcode and a buyer pool. The split here is queenslander-and-cafe versus warehouse-conversion-and-river-walk.
Head-to-head numbers
| Metric | New Farm | Teneriffe |
|---|---|---|
| Median house price | $3,000,000 | $3,760,000 |
| Median unit price | $965,000 | $850,000 |
| 12-month change | +5.0% | +5.0% |
| 5-year growth | +65.0% | +65.0% |
| Distance to CBD | 2 km | 3 km |
| Postcode | 4005 | 4005 |
| Region | Inner North | Inner North |
| Council / LGA | Brisbane City | Brisbane City |
The case for New Farm
New Farm sits 2 km from the CBD in the Inner North part of the city. Houses sell for around $3,000,000 on the modelled median, with units at $965,000. Over the past year prices have moved +5.0% — broadly tracking the wider Brisbane City market. If you're price-sensitive, New Farm offers 20% better value per house than Teneriffe.
The case for Teneriffe
Teneriffe is 3 km from the CBD in the Inner North pocket. Houses sit around $3,760,000, units around $850,000, with 12-month change of +5.0%. Teneriffe trades at a premium over New Farm, usually reflecting catchments, riverfront access or a tighter buyer pool.
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