Farrer

Farrer is a suburb with a growing population, particularly in the age groups of 5-19 and 45-64 years. The median household income is above average. The suburb has a mix of occupations, with professionals and managers being the top occupations. Residents mostly commute by motor vehicle, with a notable number working from home. The suburb is well-serviced by government schools with a high ICSEA value. For House investments, Farrer has a higher demand indicated by a low median days on market and high market absorption rate. The suburb appeals to renovators with a high sale price IQR ratio. Meanwhile, Unit investments may offer steady returns with a balanced rental market and a moderate growth rate. Farrer offers residents a comfortable lifestyle with good income levels and access to quality education. Investors can find opportunities in both Houses and Units, with potential for renovations in Houses and steady returns in Units. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022