 This resulted from the decline of industrial and commercial enterprises in the area as they closed or relocated; and to the suburb's changing demographic as older houses were demolished to make way for blocks of units, which were not favoured by families.However, through initiatives such as the urban renewal and Building Better Schools programs, enrolments increased to 247 by 2001.Since opening in 1901, New Farm State School has served the community and provided a venue for events, such as school fetes, dances and social committee meetings.