Property investors who have had real estate in Farrer, 2607 should be ok with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.04%
The five-year average increase in median property values for Farrer,2607 has given property investors a potential capital gain of 9.71% across each of those five years.
Our latest figures would indicate that property sellers in Farrer are currently offering property investors an average price cut of -6.81% below the asking price at the moment.
Residents and property investors in Farrer have been waiting around 60.44 days to sell a property.
Renters in Suburb are facing rents around $6960 per annum or $580 every week.
If you compare the increase in value of investment property in Farrer, 2607 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was -26.52%.
Farrer is 37th on a list of best yielding suburbs for rents in ACT with a 4.90% return