A survey of average capital gains or median home price increase in suburbs across the country shows that the ACT suburb obtained a 3.82% growth over a ten-year period. It ranks 1988th on our list of suburbs that property investors should look into.
FARRER, 2607 has a capital gain of -2.44% for the past year, which is lower than average compared to its 11.5% growth within a five-year period.
With the median home price in FARRER sitting at $800,000, and the average rent at $650, property owners could potentially earn a 4.23% increase in gross rental yield.
A -2.44% 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 72nd.
Figures from the previous quarter show that capital gains for real estate buyers in FARRER are low, 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.