Farrar NT 0830

Here you can find what you need to know about Farrar, NT, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$537k Median Sale Price (National Average $485k) 42nd In NT
-3.24% Median Price Change (1 yr) (National Average 4.30%) 100th In NT
$548pw Median Rent (National Average $395) 34th In NT
5.3% Median Gross Yield (National Average 4.24%) 50th In NT
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Properties sold 26
Average discounting -10.61%
Average Days on Market 106
Stock on Market 17 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Farrar, NT National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Farrar, NT National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Farrar, NT National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Farrar


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State Auction Clearance Rates - March 2019

Auctions Clearance rate
NT 9 12%
ACT 74 49%
NSW 638 54%
QLD 104 38%
SA 105 53%
TAS 6 0%
VIC 920 52%
WA 28 26%

Local Schools


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Suburb Information

Farrar, NT 0830

Part of: Palmerston Council No data available

The size of Farrar is approximately 1.5 square kilometres. It has 4 parks covering nearly 1.2% of total area. The population of Farrar in 2011 was 1,409 people. By 2016 the population was 1,500 showing a population growth of 6.5% in the area during that time. The predominant age group in Farrar is 30-39 years. Households in Farrar are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Farrar work in a trades occupation. In 2011, 56.5% of the homes in Farrar were owner-occupied compared with 52% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Farrar

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Farrar   for Houses in last 12 months


There have been 25 Houses sold in Farrar in the past 12 months with a median sale price of $526K, up -5.23% annually. It takes on average 67 days to sell with vendor discounting of -6.95%.

Streets in Farrar


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Somerville VIC, 3912 7.31% $602,000 $415pw 3.6% View Suburb Profile
Raleigh NSW, 2454 4.84% $650,000 $440pw 3.5% View Suburb Profile
West Perth WA, 6005 17.83% $760,000 $415pw 2.8% View Suburb Profile