Suburb Profile Report for Farrer ACT (2607)

Farrer House: Median price $805,000, Annual capital growth 3.94%, Number of sales 58, Weekly median advertised rent $575

Farrer Unit: Median price $636,000, Annual capital growth N/A, Number of sales 15, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

At number 1080th in the list of Australian suburbs ordered by increase in median house value over the last year, Farrer, 2607 is in the top 30% with a property value increase of 12.00% recorded in median house prices.

The five-year average increase in median property values for Farrer,2607 has given property investors a potential capital gain of 17.52% across each of those five years.

Farrer2607 is located in ACT which offers an average discount of -3.98% to property investors. Farrer itself is showing figures that indicate -2.80% is the average achievable by property buyers investing in the suburb.

At number 1694 in a list of fastest selling suburbs, Farrer is just in the top half of suburbs in Australia with an average of days on market 74.38 for properties listed there.

Metrics i HOUSE UNIT
$805,000 $636,000
1.77% N/A
12.00% N/A
3.94% N/A
$575 N/A
58 15
3.71% N/A
74.38 N/A

Source: CoreLogic

DSR Score for property investment : Good (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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