Suburb Profile Report for Farrar NT (0830)

Farrar House: Median price $462,500, Annual capital growth 10.03%, Number of sales 22, Weekly median advertised rent $520

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

Are you moving house? Our tip: move your mortgage too.

House Report

Farrar has had a very poor year for property investment returns compared to the rest of NT, giving investors a capital gain of -13.87% to date .

Across a shorter period, Farrar, 0830 has seen a median price increase of -5.03% over the last quarter.

Farrar0830 is located in NT which offers an average discount of -7.87% to property investors. Farrar itself is showing figures that indicate -7.55% is the average achievable by property buyers investing in the suburb.

Advertised rents are around the $520 mark per week – giving a return of 5.85% based on the median price in Suburb

Metrics	HOUSE	UNIT
Median price	$462,500	N/A
Quarterly growth	-5.03%	N/A
12-month growth	-13.87%	N/A
Average Annual Growth	10.03%	N/A
Weekly median advertised rent	$520	N/A
Number of sales	22	N/A
Gross rental yield	5.85%	N/A
Days on market	94.5384615384615	N/A

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

Find another suburb

Find a mortgage broker in Farrar NT

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