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Farrar suburb profile

Farrar is a compact residential suburb in Palmerston, part of the Darwin region, known for its quiet, low-rise streets and practical family homes on suburban blocks. The neighbourhood feels established rather than new, with local parks, sports fields and playgrounds providing outdoor space for families and young people. Day to day needs are met by nearby shops and the Palmerston centre, while public transport links and main roads connect residents to the wider Darwin area. Farrar suits people seeking a straightforward, community-scale suburb with easy access to schools, recreation and the services of Palmerston.

Farrar property market performance

Current median dwelling price$575,000Past 3 months

Like many smaller suburbs, Farrar sees relatively few property sales, so there isn't enough recent data to publish a reliable median price for houses or units. The figures that are available show house values have risen sharply, up 24.4% over the last 12 months.

Over the last 3 months, 4 houses and 5 units were sold. Houses sold in a median of 62 days over the last 12 months.

In Farrar, the rental market saw house rents rise a solid 8.6% over the last 12 months to $760 a week.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
24.4%N/A
Sold
Past 3 months
45
Median days on market
Past 12 months
62N/A
Average rent
Past 12 months
$760N/A
Change in rent
Past 12 months
8.6%N/A

5 year median price trend for houses and units

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Farrar demographics

Farrar is a community of 1,650 people with a median age of 32. The median total household income is $2,573 a week, roughly $133,600 a year.

Family households are dominated by couples: couple families with children are the largest group at 52.5% (217 households), while couple families without children make up 29.5% (122 households). Together they account for just over four in five families. One-parent families represent 17.2% (71 households), and other families 0.7% (3 households).

Homes in Farrar are most often owner-occupied, with owner-occupation totalling 56.9% (46.4% owned with a mortgage and 10.5% owned outright), while 43.1% of homes are rented.

Suburbs near Farrar

Some popular suburbs near Farrar include:

  • Gunn: Residential suburb in Palmerston with several local parks and community facilities.
  • Gray: A mix of residential streets and light industrial areas, near essential services.
  • Driver: Family-oriented suburb featuring newer housing estates and multiple playgrounds.
  • Durack: Leafy, established suburb with tree-lined streets and several nature reserves.
  • Johnston: Newer, master-planned suburb with broad streets and accessible green spaces.

How does Farrar compare to nearby suburbs?

  • Median house prices: Farrar’s median house price is 2.3% higher than Gunn’s.
  • Median unit prices: Farrar’s median unit price is 6.7% lower than Johnston’s.
  • House price growth: Over the past 12 months, house prices in Farrar have grown 0.4% higher than in Gunn.
  • Selling speed for houses: Properties in Farrar are selling 10.1% faster than in Johnston.
  • House price growth: Over the past 12 months, house prices in Farrar have grown 7.1% higher than the average rate of growth across Darwin.
  • Unit price growth:Over the past 12 months, unit prices in Farrar have grown 0.0% higher than the average rate of growth for units across Darwin.

Choose the right real estate agents in Farrar

Currently, there are 21 real estate agents working in Farrar—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 21 agents sold 57.5% of all properties in Farrar over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Farrar typically charge a commission of 2.25% to 3.25%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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