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Farrer suburb profile

Farrer is a quiet, established residential suburb in Canberra's Woden Valley, characterised by tree-lined streets and mostly mid-20th century detached homes on regular blocks, with a steady trickle of renovated and newer builds. It attracts families and long-term residents who value a calm, suburban lifestyle with easy access to Woden Town Centre for shopping and services and regular bus links into the city. The suburb itself offers neighbourhood parks, playgrounds and open green spaces that suit weekend play and dog walks, making it a practical choice for people after a settled, family-friendly suburb within reach of urban amenities.

Farrer property market performance

Property growth-0.2%Past 12 months

Farrer has relatively few unit sales, so there isn't enough recent data to publish a reliable median unit price. On the house side, the median house price is $1.15 million, with house values falling marginally, down 1.0% over the last 12 months.

Over the last 3 months 11 houses were sold, and houses sold in a median of 40 days over the last 12 months.

The rental market in Farrer saw house rents average $700 a week, falling a modest 2.1% over the last 12 months.

HousesUnits
Median price
Past 3 months
$1.15MN/A
Change in value
Past 12 months
-1.0%N/A
Sold
Past 3 months
11N/A
Median days on market
Past 12 months
40N/A
Average rent
Past 12 months
$700N/A
Change in rent
Past 12 months
-2.1%N/A

5 year median price trend for houses and units

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Farrer demographics

A community of 3,787 people with a median age of 43, Farrer has a typical household income of $2,540 a week, roughly $132,080 a year.

Families are dominant: couple families with children are the largest group at 49.1%, and together with couple families without children (39.5%) they make up about 88.6% of families. One-parent families account for 10.4% and other families 1.1%.

Homes in Farrer are mostly owner-occupied: about four in five (82.4%) are owned, split between 41.5% with a mortgage and 40.9% owned outright, while 17.7% are rented.

Suburbs near Farrer

Some popular suburbs near Farrer include:

  • Isaacs: Leafy suburb with walking trails and neighbourhood parks.
  • Mawson: Mid-century suburb centred around local shops and family-friendly streets.
  • Torrens: Quiet, small suburb known for bushland reserves and open spaces.
  • Pearce: Mixed-use suburb with mature trees and nearby recreational parks.
  • Wanniassa: Large, established suburb offering shopping centres and abundant parkland.

How does Farrer compare to nearby suburbs?

  • Median house prices: Farrer’s median house price is 0.9% higher than Pearce’s.
  • House price growth: Over the past 12 months, house prices in Farrer have grown 2.9% higher than in Pearce.
  • Unit price growth: Over the past 12 months, unit prices in Farrer have grown 30.1% higher than in Mawson.
  • Selling speed for houses: Properties in Farrer are selling 25.9% faster than in Isaacs.
  • House price growth: Over the past 12 months, house prices in Farrer have grown 23.0% higher than the average rate of growth across Canberra.
  • Unit price growth:Over the past 12 months, unit prices in Farrer have grown 7.7% lower than the average rate of growth for units across Canberra.

Choose the right real estate agents in Farrer

Choosing the right real estate agent in Farrer can have a big impact on your sale. While there are 26 real estate agents working in the suburb, but just 5 of them were responsible for 46.3% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.06% to 2.65%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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