5/54 Terrace St, New Farm is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2003. The property has a land size of 210m2 and floor size of 150m2. While the property is not currently for sale or for rent, it was last sold in May 2015.
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Perfectly positioned in the centre of cosmopolitan New Farm is this extremely private and very spacious 3 level residence.
On the ground level is the huge open plan kitchen, living and dining area opening out through several glass sliders to a large covered and very private paved outdoor area and grassed backyard with gardens. Perfect for entertaining family and friends this outdoor space has as much yard as a house and room for the kids to play. The modern kitchen boasts plenty of bench space and storage, stone benchtops, glass splashback and has the added convenience of a dishwasher and gas cooking.
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 7,938 properties. Over the last 5 years, Houses in New Farm have seen a 57.07% increase in median value, while Units have seen a 89.72% increase. As at 30 April 2026:
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