New Farm at a glance
13,615
People
$3,757,500
Median sale
$668/wk
Median rent
0.92%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
$3,400,000
Last sold
13 Jan 2026
4
Bedrooms
1
Bathrooms
0
Car spaces
711 m²
Land
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$3,400,000
13 Jan 2026 · derived via latest_sale
Local land rate: recorded House sales in New Farm (last 5 years) with land size have a median of $7,574/m² of land (n=23). Districts calculation from recorded sales — not a valuation.
New Farm at a glance
13,615
People
$3,757,500
Median sale
$668/wk
Median rent
0.92%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
Vs New Farm
-9.5%
Median sale
Suburb $3,757,500
+0.10 pp
Gross yield
Suburb 0.92%
Suburb median $3,757,500 from 16 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Brisbane City Plan 2014
Zone
Low-medium density residential (2 or 3 storey mix)
LMR
Jurisdiction
Brisbane City Council
Brisbane, QLD
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
For more information on this property, visit Queensland Globe.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDZoned Low-medium density residential (2 or 3 storey mix) · LMR (Brisbane City Plan 2014). Official parcel area about 729 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $668/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned Low-medium density residential (2 or 3 storey mix) · LMR (Brisbane City Plan 2014). Official parcel area about 729 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownmediumOfficial parcel about 729 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
New Farm at a glance
13,615
People
$3,757,500
Median sale
$668/wk
Median rent
0.92%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Place New FarmPositioned on a substantial 711sqm parcel with an approximate 12 metre frontage, 121 Heal Street represents a calibre of New Farm landholding that is increasingly difficult to secure. Elevated above the street with city glimpses and framed by a mix of restored character homes and contemporary residences, this traditional Queenslander occupies a site where scale, outlook and long-term potential take clear precedence.
Internally, the home follows a classic Queenslander layout, with interconnected living and dining spaces arranged beneath high ceilings and traditional VJ walls. Original details, including a fireplace, speak to the home's early origins, while the current configuration remains largely intact and functional. The proportions and flow reflect a home that has been well held, offering clarity around its existing footprint and flexibility in how the spaces may evolve over time.
Outdoors is where the scale of the offering becomes immediately apparent. Extending approximately 57 metres in depth, the rear yard is predominantly level and framed by established trees, delivering a sense of openness rarely found in inner New Farm. The expansive grounds provide outstanding scope for landscaping, outdoor entertaining, a swimming pool or future building works, subject to council approval, while side access enhances the overall functionality of the site.
The location is equally compelling. New Farm Park, river walks, Merthyr Village and the dining and lifestyle precincts of Howard Smith Wharves, James Street and Gasworks are all within walking distance, while bus services, CityCat and straightforward connectivity provide quick access to the CBD. The property sits within the New Farm State School catchment and close to Holy Spirit School, with convenient access to a range of respected inner-city and private schooling options.
This is a property for buyers who understand New Farm and recognise the long-term value of land, elevation and address. Opportunities of this scale and position are rarely offered. Enquire to explore the potential and secure a tightly held holding in one of Brisbane's most enduring blue-chip suburbs.
Disclaimer:
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes
Listing description written by Aaron Woolard, Place New Farm — reproduced as published, not verified by Districts.