Median Sale Price
House
$555K
Updated on May 2022
2 BR - | 3 BR $478K | 4 BR $565K |
Unit
$420K
Updated on May 2022
1 BR - | 2 BR - | 3 BR $420K |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $535,000 | 0.0% | $400,000 | $619,000 | 12 |
| 2010 | $642,500 | +16.7% | $460,000 | $690,000 | 7 |
| 2011 | $565,000 | -13.7% | $448,000 | $959,000 | 23 |
| 2012 | $628,000 | +10.0% | $480,000 | $730,000 | 32 |
| 2013 | $615,000 | -2.1% | $50,000 | $720,000 | 37 |
| 2014 | $622,000 | +1.1% | $450,000 | $800,000 | 32 |
| 2015 | $575,000 | -8.2% | $485,000 | $676,000 | 9 |
| 2016 | $590,000 | +2.5% | $430,000 | $800,000 | 8 |
| 2017 | $575,000 | -2.6% | $450,000 | $660,000 | 14 |
| 2018 | $515,000 | -11.7% | $410,000 | $660,000 | 19 |
| 2019 | $500,000 | -3.0% | $340,000 | $595,000 | 12 |
| 2020 | $466,000 | -7.3% | $360,000 | $629,000 | 21 |
| 2021 | $585,000 | +20.3% | $390,000 | $910,000 | 25 |
| 2022 | $610,000 | +4.1% | $450,000 | $780,000 | 12 |
Median Sale Price
$585K
Based on 26 recorded sales within the last 12 months
Updated on 30 Jun 2022
Suburb Growth
+6.8%
Current Median Price: $585,000
Previous Median Price: $545,000
Based on 47 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2022)
Price Range Segments (12 months ending May 2022)
Median Weekly Rent Price
House
$635
Updated on May 2022
2 BR $450 | 3 BR $550 | 4 BR $650 |
Unit
$520
Updated on May 2022
2 BR $510 | 3 BR $540 | 4 BR $600 |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | - | - | - | - | - |
| 2012 | - | - | - | - | - |
| 2013 | $650 | 0.0% | $650 | $650 | 1 |
| 2014 | $670 | +3.0% | $400 | $1,115 | 29 |
| 2015 | $620 | -8.1% | $336 | $950 | 75 |
| 2016 | $565 | -9.7% | $380 | $900 | 67 |
| 2017 | $550 | -2.7% | $390 | $1,100 | 40 |
| 2018 | $550 | 0.0% | $380 | $750 | 47 |
| 2019 | $540 | -1.9% | $287 | $1,200 | 30 |
| 2020 | $490 | -10.2% | $350 | $700 | 29 |
| 2021 | $600 | +18.3% | $300 | $800 | 26 |
| 2022 | $660 | +9.1% | $470 | $1,200 | 12 |
Median Rent Price
$650
per week
Based on 26 recorded rent within the last 12 months
Updated on 30 Jun 2022
Rent Price Growth
+13.8%
Current Median Rent: $650
Previous Median Rent: $560
Based on 50 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+5.8%
Current Median Price: $585,000
Current Median rent: $650
Based on 52 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2022)
Schools closest to Farrar, NT 0830
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Walungurru School | N/AKintore 0872 | Primary | Government | 0.97 km |
| Gray Primary School | 22 VICTORIA DRGray 0830 | Primary | Government | 1.65 km |
| Bakewell Primary School | 5 HUTCHISON TCEBakewell 0832 | Primary | Government | 1.75 km |
| Durack Primary SchoolTop 20 | 50 WOODLAKE BVDDurack 0830 | Primary | Government | 1.75 km |
| Driver Primary School | 37 DRIVER AVEDriver 0830 | Primary | Government | 1.8 km |
| Gawa Christian School | Elcho Island 0822 | Combined | Independent | 2.08 km |
| Sacred Heart Catholic Primary School | EMERY AVENUEWOODROFFE 0830 | Primary | Catholic | 2.25 km |
| Palmerston Senior CollegeTop 20 | 10 TILSTON AVEDriver 0830 | Secondary | Government | 2.61 km |
| MacKillop Catholic CollegeTop 20 | FARRAR BOULEVARDJohnston 0832 | Secondary | Catholic | 3 km |