Suburb Profile Report for Garran ACT (2605)

Garran House: Median price $895,000, Annual capital growth 4.52%, Number of sales 32, Weekly median advertised rent $668

Garran Unit: Median price $552,500, Annual capital growth 3.53%, Number of sales 28, Weekly median advertised rent $513

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Garran, 2605 have given investors a capital gain of -5.29%. This compares very badly with the 5.72% for ACT as a whole.

Over the longer term, Garran has seen property prices show investors a 19.33% return over the last 3 years. This is worse than over the last 12 months

Garran is 49th on a list of best yielding suburbs for rents in ACT with a 3.88% return

ACT has seen average median house prices change by -1.01% which means that Garran, 2605 has not done well for property investors by showing a capital gain of -3.58% over the last year

Across a shorter period, Garran, 2605 has seen a median price increase of -2.21% over the last quarter.

Property investors looking for a bargain in Garran should be aiming for at least -2.69% off the asking price, which is the average vendor discount being achieved at the moment.

At number 866 in a list of fastest selling suburbs, Garran is just in the bottom half of suburbs in Australia with an average of days on market 83.04 for properties listed there.

Renters in Suburb are facing rents around $6150 per annum or $512.5 every week.

HOUSE UNIT
$895,000 $552,500
-4.28% -2.21%
-5.29% -3.58%
4.52% 3.53%
$668 $513
32 28
3.88% 4.82%
N/A 83.04

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 3198
Median household income ($/weekly) 2368
Median age of persons 41
Median housing loan repayment ($/monthly) 2383
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 397 12.4
    25-34 years 393 12.3
    35-44 years 441 13.8
    45-54 years 450 14.1
    55-64 years 357 11.2
    Others 1160 36.3
    Age Group
    Census Count Percent(%)
    Registered Married 1238 53.2
    Not Married 917 39.4
    Defacto Relationship 172 7.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2112 67.8
    Croatia 70 2.2
    Indonesia 68 2.2
    United Kingdom 197 6.3
    Other 228 7.3
    Others 440 14.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 72 2.4
    Christianity 1839 61.9
    Hinduism 72 2.4
    Islam 90 3.0
    No Religion 876 29.5
    Others 24 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 130 12.4
    $2,000-$2,499 88 8.4
    $2,500-$2,999 181 17.3
    $3,000-$3,499 111 10.6
    $4,000 or more 151 14.4
    Others 386 36.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1113 44.0
    Not in the labour force 845 33.4
    Employed, worked part-time 401 15.9
    Employed, away from work 125 4.9
    Unemployed, looking for work 45 1.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 298 18.2
    Professionals 687 41.9
    Technicians & trades workers 106 6.5
    Community & personal service workers 130 7.9
    Clerical & administrative workers 262 16.0
    Others 157 9.6
    Occupation
    Census Count Percent(%)
    Pre-school 32 3.7
    Infants/Primary 266 31.1
    Secondary 233 27.3
    Technical or Further Educational Institution 56 6.6
    University or other Tertiary Institutions 236 27.6
    Others 31 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2142 73.8
    Flat, unit or apartment 520 17.9
    Semi-detached, row or terrace house, townhouse 240 8.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 437 37.6
    Rented 393 33.8
    Being purchased 321 27.6
    Other tenure type 11 0.9
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals