Suburb Profile Report for Farrer ACT (2607)

Farrer House: Median price $730,000, Annual capital growth 3.77%, Number of sales 42, Weekly median advertised rent $565

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Investment property in Farrer has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.35%

Across a shorter period, Farrer, 2607 has seen a median price increase of 1.92% over the last quarter.

The most recent median price for Farrer is $730000, with sellers offering an average of -6.81% off the asking price.

Property investors should expect to get $565 weekly from the median priced house in this suburb.

HOUSE UNIT
$730,000 N/A
1.92% N/A
-1.35% N/A
3.77% N/A
$565 N/A
42 N/A
4.02% N/A
62.06 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3357
Median household income ($/weekly) 2047
Median age of persons 43
Median housing loan repayment ($/monthly) 2200
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 442 13.2
    35-44 years 428 12.7
    45-54 years 521 15.5
    55-64 years 408 12.2
    65-74 years 339 10.1
    Others 1220 36.3
    Age Group
    Census Count Percent(%)
    Registered Married 1381 54.7
    Not Married 916 36.3
    Defacto Relationship 228 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2413 74.2
    Indonesia 41 1.3
    Papua New Guinea 51 1.6
    United Kingdom 204 6.3
    Other 159 4.9
    Others 384 11.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 49 1.6
    Christianity 1997 64.3
    Hinduism 35 1.1
    Islam 64 2.1
    No Religion 930 29.9
    Others 31 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 134 12.1
    $2,000-$2,499 102 9.2
    $2,500-$2,999 135 12.2
    $3,000-$3,499 107 9.7
    $4,000 or more 150 13.5
    Others 480 43.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1117 41.6
    Not in the labour force 889 33.1
    Employed, worked part-time 505 18.8
    Employed, away from work 110 4.1
    Unemployed, looking for work 63 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 339 19.6
    Professionals 588 34.0
    Technicians & trades workers 135 7.8
    Community & personal service workers 132 7.6
    Clerical & administrative workers 306 17.7
    Others 231 13.3
    Occupation
    Census Count Percent(%)
    Pre-school 40 4.7
    Infants/Primary 268 31.3
    Secondary 279 32.6
    Technical or Further Educational Institution 69 8.1
    University or other Tertiary Institutions 185 21.6
    Others 16 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2778 87.3
    Flat, unit or apartment 209 6.6
    Semi-detached, row or terrace house, townhouse 194 6.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 509 42.7
    Being purchased 419 35.2
    Rented 243 20.4
    Other tenure type 20 1.7
    Tenure Type
Census 2011, ABS
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