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Farrar
AREA REPORTS

Farrar

Farrar - SUBURB PROFILE REPORT
POSTAL CODE: NT, 830

house

Property investors have seen a 16.74% 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 17.74%.

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 $547,500

Profits averaged -1.32% per annum over a 3-year period, due to an downward trend in home prices in FARRAR, 830.

This means, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.

The gross rental yield in FARRAR, 830 is 5.22%.

An average of 2.5 real estate transactions take place per month in FARRAR which translates to 30 per annum.

Data report can be found below

Farrar
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $547,500 N/A
GROWTH REPORT
Median Quarterly 16.74% N/A
Median 12 month 17.74% N/A
Median 3 years -3.95% N/A
Median 5 years N/A N/A
10 years average annual 13.89% N/A
Weekly media advert. rent $550 N/A
Time on Market 71.8 days N/A
Gross Rental Yield Percent 5.22% N/A
demographics (median values)*
Total Population
18207
Weekly Household Income
2035
Household Size
2.80
Age
31
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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