Property management in Newmarket
Your suburb profile by Running Property
Located just 5 kilometres north-west of the Brisbane CBD, Newmarket (4051) is currently home to more than 4,400 people.
Newmarket was named for the cattle saleyards which occupied the corner of Enoggera and Newmarket Roads from the 19th century to the 1930’s.
As an older residential suburb of Brisbane, Newmarket features a mix of pre-war and post-war homes, many beautiful Queenslander homes, and more recently some medium-density townhouses and unit blocks.
Local landmarks include the Brisbane City Council public swimming pool in Sedgeley Park, the Newmarket Hotel, the iconic Pepe’s Mexican on Enoggera Road, and the famous 50 metre tall Newmarket Brickworks Chimney, built in 1912.
Data from realestate.com.au shows that the median Newmarket house price was $797K in 2016, with the median unit price being $420K. For investment property owners, Newmarket offers a median rent for houses of $500 per week, and the median rent for units $375 per week. Rental demand for both houses and units is high.
For expert advice on attracting the best quality tenants for your Newmarket investment property, talk to the expert Running Property team. We have the local knowledge that can make all the difference to your rental return.
If you’d like a rental appraisal for your Newmarket investment property, fill out the contact form here or call Running Property on 07 3392 1544 today.