Suburb Profile Report for Farrar NT (0830)

Farrar House: Median price $580,000, Annual capital growth -3.25%, Number of sales 30, Weekly median advertised rent $320

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

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Farrar is in the TOP 30% in NT when comparing median price capital growth over the last year. Farrar gave property investors a good capital gain figure when compared to the rest of the state, with 19.61%.

Farrar,0830 has offered an average of 19.61% return per annum in house price rises to property investors over the last three years.

State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -2.40% offered to property buyers. Sellers in Farrar itself are offering an average vendor discount of -4.51% to real estate investors.

Often selling an investment property can take time, and in Farrar the average time real estate has been on the market is 67.9889 days.

Farrar is 4th on a list of best yielding suburbs for rents in NT with a 5.46% return

Metrics i HOUSE UNIT
$580,000 N/A
2.69% N/A
19.61% N/A
-3.25% N/A
$320 N/A
30 N/A
5.46% N/A
67.9888888888889 N/A

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (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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