2B Farrer Place

Farrer ACT 2607

The size of Farrer is approximately 2.1 square kilometres. It has 11 parks covering nearly 18.6% of total area. The population of Farrer in 2011 was 3,357 people. By 2016 the population was 3,212 showing a population decline of 4.3% in the area during that time. The predominant age group in Farrer is 40-49 years. Households in Farrer are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Farrer work in a professional occupation. In 2011, 76.2% of the homes in Farrer were owner-occupied compared with 76.1% in 2016.

Farrer has 1,613 properties. Over the last 5 years, Houses in Farrer have seen a 52.73% increase in median value, while Units have seen a 7.65% increase. As at 31 October 2024:

• The median value for Houses in Farrer is $1,331,067 while the median value for Units is $473,502.
• Houses have a median rent of $670 while Units have a median rent of $535.