If you compare the increase in value of investment property in Farrer, 2607 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 7.23%.
If we look at median property appreciation over just the last three months, Farrer has given property investors a paper return of 2.39%. This puts Suburb as 43 on a list of fastest fasting appreciating suburbs in ACT
Sellers are offering property buyers an average discount of -2.85% to buyers in Farrer at the moment, which is less than average for the rest of ACT.
On average over the past year, suburb has had 4.83 sales per month, which equates to 58 per year.
Farrer, 2607’s gross rental yield is 3.60%
Farrer is in the bottom 10% in ACT when comparing median price capital growth over the last year. Farrer gave property investors a dismal capital gain figure when compared to the rest of the state, with -36.70%.
A -5.22% growth in median value for property investors in Farrer,2607 puts this suburb at number 62th in terms of best performing suburbs in ACT
In the last year 15 properties changed hands in Farrer, which puts it as the 59th most active market in ACT when comparing the number of sales per suburb.