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