Over the last year, property investments in Farrer, 2607 have given investors a capital gain of 7.23%. This compares favourably with the 5.15% for ACT as a whole.
While Farrer,2607 ranked number 4th in ACT for increase in median house value (annualised) increase, it is ranked 56th over the last 5 years.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.11% offered to property buyers. Sellers in Farrer itself are offering an average vendor discount of -3.06% to real estate investors.
In the last year 48 properties changed hands in Farrer, which puts it as the 29th most active market in ACT when comparing the number of sales per suburb.
The ACT suburb of Farrer, 2607 is in the Unincorporated ACT local government area.
Property value increases in Farrer have tracked lower than the ACT average of -0.94% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Farrer comes in at number 66th in ACT.
On average over the past year, suburb has had 0.92 sales per month, which equates to 11 per year.
Renters in Suburb are facing rents around $3960 per annum or $330 every week.