Suburb Profile Report for Farrar NT (0830)

Farrar House: Median price $582,000, Annual capital growth 27.45%, Number of sales 16, Weekly median advertised rent $580

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

Source: CoreLogic

  • House Report

Over the last year, property investments in Farrar, 0830 have given investors a capital gain of 2.11%. This compares favourably with the -4.64% for NT as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Farrar has increased when compared to the 5 year average annual rate.

Property buyers and investors in Farrar 0830 should be seeing an average reduction in asking price of around -5.25% . This means that Farrar is holding prices well when compared to other suburbs in NT.

Farrar is 26th on a list of best yielding suburbs for rents in NT with a 5.18% return

Metrics i HOUSE UNIT
$582,000 N/A
-2.18% N/A
2.11% N/A
27.45% N/A
$580 N/A
16 N/A
5.18% N/A
121.92 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
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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