Suburb Profile Report for Farrar NT (0830)

Farrar House: Median price $595,000, Annual capital growth 30.46%, Number of sales 11, Weekly median advertised rent $590

Farrar Unit: Median price $400,000, Annual capital growth -7.51%, Number of sales 14, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of -0.83% for the last 12 months, Farrar, 0830 has performed for property investments than its average annual 30.46% property growth over the last 5 years.

Farrar,0830 was ranked 1803 in Australia by increase in median property value over the quarter.

Property buyers and investors in Farrar 0830 should be seeing an average reduction in asking price of around -4.19% . This means that Farrar is holding prices well when compared to other suburbs in NT.

A $590 per week rent on the median house gives suburb investors a gross yield of circa 5.16%, without taking into account capital value appreciation, which has been averaging out at 30.46%.

With a capital gain of -7.51% for the last 12 months, Farrar, 0830 has performed for property investments than its average annual -7.51% property growth over the last 5 years.

In the last year 14 properties changed hands in Farrar, which puts it as the 20th most active market in NT when comparing the number of sales per suburb.

Property investors should expect to get $450 weekly from the median priced house in this suburb.

HOUSE UNIT
$595,000 $400,000
0.85% -10.11%
-0.83% -7.51%
30.46% -7.51%
$590 $450
11 14
5.16% 5.85%
103.9 N/A

Source: CoreLogic

DSR Score for property investment : Below average (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