120 Terrace StNew Farm QLD 4005
Property Details for 120 Terrace St, New Farm
Last Listing description (July 2026)
Exceptionally well maintained facility with outstanding long term occupancy
Unmatched amenity - 2min* walk to the heart of James Street
Land size of 1,131m* offering numerous redevelopment options
Configuration: 36 studio units - all with private kitchen and balcony
Capitalise on the huge demand for entry level rental accommodation in Inner City Brisbane
Potential Market Income of $617,348* per annum
Huge additional rental upside available by altering current design
Positioned only 1.5km* from Brisbane CBD
Future redevelopment site -no heritage restraints or restrictive overlays
Currently Zoned Low-medium density residential (2 or 3 storey mix) but scope and need to increase (subject to council approval)
Walkable Amenity includes:
- James Street precinct (restaurants, bars, cafes, cinema, retail)
- New Farm Park & Powerhouse Arts Centre
- Merthyr Village (includes Coles)
- Brisbane River Walkway
- Surrounded by parks, cafs, gyms, and everyday amenities
Excellent public transport - bus and ferry
Detailed information package available on request
For further information, please contact the Ray White marketing agents
*Approximately
^Listed Building Area subject to further clarification
Property History for 120 Terrace St, New Farm, QLD 4005
- 23 Feb 2026Listed for Sale Offers Over $8,000,000
- 29 Jan 2020Listed for Rent $200 / week
- 13 May 2019Listed for Rent $12,967 / week
Recent sales nearby
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0About New Farm 4005
The size of New Farm is approximately 2.5 square kilometres. There are 4 parks, covering nearly 9.1% of the total area. The population of New Farm in 2016 was 12542 people. By 2021 the population was 12197 showing a population decline of 2.8% in the area during that time. The predominant age group in New Farm is 30-39 years. Households in New Farm are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in New Farm work in a professional occupation.In 2021, 44.00% of the homes in New Farm were owner-occupied compared with 39.70% in 2016.
New Farm has 7,937 properties. Over the last 5 years, Houses in New Farm have seen a 56.77% increase in median value, while Units have seen a 75.09% increase. As at 31 July 2026:
- The median value for Houses in New Farm is $3,293,049 while the median value for Units is $1,215,198.
- Houses have a median rent of $1,150 while Units have a median rent of $680.
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