Property Details for 31 Bowrey Cres, Farrar
31 Bowrey Cres, Farrar is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2007. While the property is not currently for sale or for rent, it was last sold in December 2009.
Last Listing description (February 2023)
High Yield Shared Living, Fixed Price 4 Bed 3 Bath 2 Car In Demand Will Not Last Long! ACT NOW!
Investment Property Structured For Maximum Tax Benefits.
+ Energy efficient - Low running costs
+ Close to infrastructure (schools, shops, public transport etc.)
+ Carpet in bedrooms and tiles throughout
+ LED down-lights throughout
+ Window furnishing to sliding windows and doors
+ Colorbond insulated roof
+ Landscape allowance
Optimising Investment Returns from Real Estate
+Exposure to strong capital growth forecast in Darwin
+Home designed & built to take max advantage of depreciation allowances
+Energy efficient home - better returns for the owner
Farrar is a suburb of Darwin in the Northern Territory. It is located approximately 16kms from the capital Darwin. Farrar has a recorded population of 1518 residents and is within the Australian Central Standard Time zone Australia/Darwin.
It's one of the highest gross rental yields in the country, and Darwin should probably be regarded as a viable property alternative to the declining markets of Australia's biggest capitals. The vacancy rate of 0.6 per cent makes it the tightest rental market in mainland Australia, at almost half that of the national average of 1.1 per cent. Current Vacancy Rates for Farrar sit at 0.6%.
Furnished and equipped shared living properties are a great choice for investors, as these are in high demand due to Darwin's substantial number of defence workers.
Shared Living investment properties provide Single, like-minded flatmates or even seniors to secure affordable rental accommodation in generously sized, fully furnished accommodation with the bonus of no owner or landlord living on the premises.
Each Tenant has their own lockable bedroom with a personal bathroom, individual lockable pantry and Linen cupboard. Each bedroom is
separately Air Conditioned with ample secure parking.
Property History for 31 Bowrey Cres, Farrar, NT 0830
- 21 Feb 2023Listed for Sale $800,000 Weekly Rent $1,100
- 06 Jun 2009Listed for Sale Not Disclosed
Recent sales nearby
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About Farrar 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 2016 was 1518 people. By 2021 the population was 1650 showing a population growth of 8.7% 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 $1800 - $2399 per month on mortgage repayments. In general, people in Farrar work in a trades occupation.In 2021, 55.80% of the homes in Farrar were owner-occupied compared with 52.00% in 2016.
Farrar has 674 properties. Over the last 5 years, Houses in Farrar have seen a 48.30% increase in median value, while Units have seen a 54.88% increase. As at 31 March 2026:
- The median value for Houses in Farrar is $769,639 while the median value for Units is $462,503.
- Houses have a median rent of $760 while Units have a median rent of $583.
Suburb Insights for Farrar 0830
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