48 Inverway Circuit

Farrar NT 0830

The size of Farrar is approximately 1.5 square kilometres. It has 4 parks covering nearly 7.2% 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.

Farrar has 682 properties. Over the last 5 years, Houses in Farrar have seen a 26.51% increase in median value, while Units have seen a 31.21% increase. As at 31 July 2024:

• The median value for Houses in Farrar is $602,073 while the median value for Units is $353,507.
• Houses have a median rent of $650 while Units have a median rent of $555.