If you were to buy a house locally at the current median price of $710,500 and had 10% deposit, then you would need a mortgage for $639,450. This is quite a large mortgage compared to state.
FARRER, 2607 is number 1890th in a list of the country’s fastest growing suburbs, and number 37th in State. It has had an average population growth of -0.60 over the period between the last two national censuses.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,200 which is $683 more every month. As a percentage rise, this makes FARRER, 2607 the number 767th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The median mortgage repayment in FARRER, ACT is 24.80% of the median household income.