Suburb Profile Report for Farrer ACT (2607)

Farrer House: Median price $762,500, Annual capital growth 3.97%, Number of sales 42, Weekly median advertised rent $580

Farrer Unit: Median price $345,000, Annual capital growth 4.72%, Number of sales 12, Weekly median advertised rent $325

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

Source: CoreLogic

  • House Report
  • Unit Report

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

HOUSE UNIT
$762,500 $345,000
7.32% N/A
3.04% -26.52%
3.97% 4.72%
$580 $325
42 12
3.96% 4.90%
60.44 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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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Recent sales & rentals