How Far Apart Can New Farm House and Apartment Values Be?

If you own property in New Farm and are considering selling, comparing the correct property type is critical. Houses and apartments can sit in completely different value brackets, even when they are only a short distance apart.

Between 20 August and 16 September 2026, a five-bedroom house at 34 Griffith Street sold for $3 million on 9 September. A four-bedroom house at 9 Llewellyn Street also sold on 24 August, although its price was withheld.

Apartment sales during the same period were considerably more varied. A two-bedroom apartment at 1/84 Moreton Street sold for $721,000 on 1 September, while 9/439 Bowen Terrace achieved $1.049 million on 7 September. Another two-bedroom apartment at 37/119 Moray Street sold for $1.12 million on 20 August.

For sellers, these figures show why a New Farm property valuation should begin with property type and then consider floor area, building quality, parking, renovation and location. A detached home with its own land should not be priced using apartment sales, while apartments should be compared with similar buildings and layouts.

The strongest appraisal identifies the properties buyers would genuinely view as alternatives to yours.

Learn more about our selling services at https://nortonsrealestate.com/services.

Frequently Asked Questions

Are New Farm houses usually compared with apartments?

No. They should generally be valued within separate comparable groups.

Does apartment size matter?

Yes. Floor area can materially influence buyer comparisons.

Is car parking relevant?

Yes, particularly when comparing similar inner-city apartments.

Should I rely on an online estimate?

Use it as background only and obtain a property-specific appraisal before selling.

For tailored advice on selling in New Farm, contact:

Steven Norton – 0488 496 777
Lawrence Norton – 0415 279 807
nortons.re@gmail.com
www.nortonsrealestate.com

Disclaimer:
This article is general information only and does not constitute legal, financial, taxation, planning, valuation, or property advice. Any commentary about likely buyer behaviour, campaign strategy, pricing, negotiation, or sale outcomes is general in nature and may not apply to your property or circumstances. You should obtain independent professional advice and a tailored appraisal before making any property decision.