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Farrar

POSTAL CODE: NT, 830
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Property investors have seen a 8.4% gain in FARRAR based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on FARRAR, 830 can rest assured about this NT suburb's performance. The suburb saw median home prices rise by 13.56%.

Based on its average 5-year and quarterly capital gains FARRAR, 830 saw average growth in the long term.

The NT suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $645,000

Profits averaged 3% per annum over a 3-year period, due to an upward trend in home prices in FARRAR, 830.

This means, real estate investors could earn a rental income of $720 based on current median home prices for the suburb.

The gross rental yield in FARRAR, 830 is 5.8%.

An average of 4.42 real estate transactions take place per month in FARRAR which translates to 53 per annum.

Surburb overview

"Farrar is a family-friendly and rapidly growing suburb in the City of Palmerston, located in the Northern Territory, offering a blend of suburban living, modern amenities and a sense of community.

Farrar is situated approximately 21 kilometres southeast of Darwin’s central business district (CBD). While it provides a peaceful suburban atmosphere, it remains within a reasonable commuting distance to the heart of the city.

With a population of around 2,000 residents and growing, Farrar is a diverse and welcoming community. The suburb attracts a mix of families, professionals and retirees, creating a rich tapestry of cultures and backgrounds.

Farrar benefits from efficient public transportation connectivity, with regular bus services linking it to Darwin’s CBD and neighbouring suburbs. This makes commuting and exploring the city convenient for residents.

The suburb is well-equipped with essential amenities. Farrar Primary School provides quality education options for local children, and the Gateway Shopping Centre, located just a short drive away, has a range of retail shops, dining options and entertainment facilities.

Farrar presents a variety of recreational opportunities. The suburb boasts multiple parks, playgrounds and green spaces, making it ideal for outdoor activities and family picnics. Additionally, the nearby Palmerston Water Park is a popular destination for water play and relaxation during the hot NT summers.

Farrar offers a comfortable suburban lifestyle with easy access to essential amenities and recreational opportunities. Its diverse and growing community, educational institutions and proximity to Darwin make it an appealing choice for individuals and families seeking a peaceful yet well-connected place to call home in the territory. "

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