The size of Farrer is approximately 2.1 square kilometres. It has 14 parks covering nearly 16.1% of total area. The population of Farrer in 2011 was 3,357 people. By 2016 the population was 3,212 showing a population decline of 4.3% in the area during that time. The predominant age group in Farrer is 40-49 years. Households in Farrer are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Farrer work in a professional occupation. In 2011, 76.2% of the homes in Farrer were owner-occupied compared with 76.1% in 2016. Currently the median sales price of houses in the area is $1,010,000.