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Farrar
AREA REPORTS

Farrar

Farrar - SUBURB PROFILE REPORT
POSTAL CODE: NT, 830

house
unit

Property investors have seen a 5.31% 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 26.87%.

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 $595,000

Profits averaged 5.18% 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 $650 based on current median home prices for the suburb.

The gross rental yield in FARRAR, 830 is 5.68%.

An average of 2.25 real estate transactions take place per month in FARRAR which translates to 27 per annum.

Data report can be found below

Farrar
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $595,000 $420,000
GROWTH REPORT
Median Quarterly 5.31% 0%
Median 12 month 26.87% N/A
Median 3 years 15.53% N/A
Median 5 years 2.23% N/A
10 years average annual 2.76% N/A
Weekly media advert. rent $650 $450
Time on Market 59.8 days 0.0 days
Gross Rental Yield Percent 5.68% 5.57%
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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