Suburb Profile Report for Farrar NT (0830)

Farrar House: Median price $590,000, Annual capital growth 29.91%, Number of sales 11, Weekly median advertised rent $600

Farrar Unit: Median price $417,500, Annual capital growth -3.47%, Number of sales 12, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Farrar, 0830 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NT suburb was -2.88%.

Comparing Farrar,0830 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Farrar should be aiming for at least -6.78% off the asking price, which is the average vendor discount being achieved at the moment.

Situated 17.38km from the CBD, Farrar is one of Palmerston localities in the postcode 0830.

With a capital gain of -3.47% for the last 12 months, Farrar, 0830 has performed for property investments than its average annual -3.47% property growth over the last 5 years.

While Farrar,0830 ranked number 22th in NT for increase in median house value (annualised) increase, it is ranked 23th over the last 5 years.

Farrar is 13th on a list of best yielding suburbs for rents in NT with a 5.48% return

HOUSE UNIT
$590,000 $417,500
0.85% -6.18%
-2.88% -3.47%
29.91% -3.47%
$600 $440
11 12
5.29% 5.48%
134.1 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 1409
Median household income ($/weekly) 2194
Median age of persons 28
Median housing loan repayment ($/monthly) 2708
Average household size 3
  • Census Count Percent(%)
    0-4 years 177 12.6
    5-14 years 236 16.8
    25-34 years 296 21.1
    35-44 years 266 18.9
    45-54 years 119 8.5
    Others 312 22.2
    Age Group
    Census Count Percent(%)
    Registered Married 455 53.0
    Not Married 235 27.4
    Defacto Relationship 169 19.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1150 84.7
    Indonesia 14 1.0
    Papua New Guinea 23 1.7
    United Kingdom 52 3.8
    Other 52 3.8
    Others 67 4.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 15 1.2
    Christianity 843 65.3
    Hinduism 18 1.4
    Islam 19 1.5
    No Religion 392 30.4
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 32 8.3
    $1,500-$1,999 55 14.3
    $2,000-$2,499 71 18.5
    $2,500-$2,999 72 18.8
    $3,000-$3,499 29 7.6
    Others 125 32.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 552 57.0
    Not in the labour force 193 19.9
    Employed, worked part-time 138 14.3
    Employed, away from work 68 7.0
    Unemployed, looking for work 17 1.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 80 10.6
    Professionals 117 15.5
    Technicians & trades workers 113 15.0
    Community & personal service workers 144 19.1
    Clerical & administrative workers 156 20.7
    Others 145 19.2
    Occupation
    Census Count Percent(%)
    Pre-school 38 10.8
    Infants/Primary 156 44.4
    Secondary 82 23.4
    University or other Tertiary Institutions 56 16.0
    Other type of educational institution 12 3.4
    Others 7 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1189 90.3
    Semi-detached, row or terrace house, townhouse 85 6.5
    Flat, unit or apartment 31 2.4
    Improvised home, tent, sleepers out 11 0.8
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 218 51.4
    Rented 177 41.7
    Fully owned 26 6.1
    Other tenure type 3 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals