Suburb Profile Report for Farrer ACT (2607)

Farrer House: Median price $793,500, Annual capital growth 4.21%, Number of sales 48, Weekly median advertised rent $575

Farrer Unit: Median price $345,000, Annual capital growth 5.98%, Number of sales 11, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$793,500 $345,000
6.87% 2.22%
7.23% -28.94%
4.21% 5.98%
$575 $330
48 11
3.77% 4.97%
52.23 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (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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