Giving property investors a an average capital gain of 7.67% for the last year, Farrer, 2607 is the 2008th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Farrer has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Farrer should be aiming for at least -2.82% off the asking price, which is the average vendor discount being achieved at the moment.
A $575 per week rent on the median house gives suburb investors a gross yield of circa 3.70%, without taking into account capital value appreciation, which has been averaging out at 4.46%.
Farrer, 2607 ranked 1st in ACT when comparing growth in median property values or capital gain over the last 12 months. Farrer is one of 126 in our list for ACT
When looking at the potential capital gains offered to property investors over the last 3 years, Farrer comes in at number 5th in ACT.