Suburb Profile Report for Farrer ACT (2607)

Farrer House: Median price $791,000, Annual capital growth 4.16%, Number of sales 47, Weekly median advertised rent $575

Farrer Unit: Median price $345,000, Annual capital growth 6.09%, Number of sales 11, Weekly median advertised rent $338

  • 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 relatively pleased 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 6.89%

Farrer,2607 was ranked 375 in Australia by increase in median property value over the quarter.

Farrer, 2607 is offering ACT ‘s 18th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this ACT.

Property investors should expect to get $575 weekly from the median priced house in this suburb.

Over the last year, property investments in Farrer, 2607 have given investors a capital gain of -28.94%. This compares very badly with the -1.90% for ACT as a whole.

Farrer,2607 has offered an average of -28.94% return per annum in house price rises to property investors over the last three years.

Using the current median advertised rental of $337.5 and the average annual increase in value of a median property of 6.09%, investors should hope to achieve an overall return of 5.09%

HOUSE UNIT
$791,000 $345,000
7.62% N/A
6.89% -28.94%
4.16% 6.09%
$575 $338
47 11
3.78% 5.09%
57.47 N/A

Source: CoreLogic

DSR Score for property investment : Good (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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