Powered by MOMENTUM MEDIA
Farrer
AREA REPORTS

Farrer

Farrer - SUBURB PROFILE REPORT
POSTAL CODE: ACT, 2607

house

Property investors enjoyed capital gains of 29.91% over the last 12 months in FARRER, translating to lower returns compared with its peers in ACT.

A survey of average capital gains or median home price increase in suburbs across the country shows that the ACT suburb obtained a 5.72% growth over a ten-year period. It ranks 1716th on our list of suburbs that property investors should look into.

FARRER, 2607 has a capital gain of 29.91% for the past year, which is higher than average compared to its 54.24% growth within a five-year period.

With the median home price in FARRER sitting at $1,091,250, and the average rent at $790, property owners could potentially earn a 3.76% increase in gross rental yield.

A 29.91% increase in median property prices in FARRER, 2607 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 10th.

Figures from the previous quarter show that capital gains for real estate buyers in FARRER are high, as opposed to average gains per annum over the past five years.

FARRER, 2607 in ACT belongs to the local government area of Unincorporated ACT.

Surburb overview

Farrer is a suburb in the Woden Valley District of Canberra, Australian Capital Territory. It was named after William James Farrer, a plant breeder and a leading figure in Australia’s agricultural revolution during the early 20th century. The suburb has a rich agricultural legacy and is surrounded by bushlands and hills.

Things to do in Farrer

Farrer isn’t usually on the top of ones mind when it comes to tourism destinations in Canberra, and locals wont be surprised if it’s the first time that you’ve even heard of the suburb. Farrer doesn’t have the glamourous lifestyle centres of its peers, but it has quaint, charming shops and restaurants to make up for it that locals have grown to love.

Farrer also has nature by its side, boasting impressive views of Woden and Tuggeranong. Nature is literally at your doorstep in Farrer, with the Farrer Ridge’s kangaroos paying residents a visit from time to time due to the park’s close proximity to the community.

As for amenities, Farrer has a number of academic institutions to cater to residents, including the Farrer Memorial Agricultural High School and the Farrer Primary School. There are also high schools and colleges in the neighbouring suburb of Pearce.

Farrer has one shopping centre, Farrer Place, though shopping and lifestyle meccas in Mawson and Phillip are just a short drive away. New developments in Farrer include an aged care facility and an apartment complex.

Suburb growth

Farrer is a high-demand market with visits per property just 50 points shy of the average visits per property for the entire Australian Capital Territory. The average house price in Farrer is an estimated AU$800,000, which reflects an over 20 per cent growth in the past five years.

Data report can be found below

Farrer
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,091,250 N/A
GROWTH REPORT
Median Quarterly 12.64% N/A
Median 12 month 29.91% N/A
Median 3 years 32.47% N/A
Median 5 years 54.24% N/A
10 years average annual 5.72% N/A
Weekly media advert. rent $790 N/A
Time on Market 79.1 days N/A
Gross Rental Yield Percent 3.76% N/A
demographics (median values)*
Total Population
13614
Weekly Household Income
2084
Household Size
2.50
Age
42
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.