Suburb Profile Report for Garran ACT (2605)

Garran House: Median price $900,000, Annual capital growth 4.97%, Number of sales 26, Weekly median advertised rent $690

Garran Unit: Median price $552,500, Annual capital growth 3.37%, Number of sales 28, Weekly median advertised rent $520

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Garran has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.74%

At number 3rd of ACT’s most discounted properties, Garran is in the bottom 10% of the state/territory when listing in order of most discounted to least.

At number 607 in a list of fastest selling suburbs, Garran is in the TOP 20% of suburbs in Australia with an average of days on market 52.33 for properties listed there.

Situated 7.35km from the CBD, Garran is one of Unincorporated ACT localities in the postcode 2605.

Garran, 2605 ranked 48th in ACT when comparing growth in median property values or capital gain over the last 12 months. Garran is one of 126 in our list for ACT

When looking at the potential capital gains offered to property investors over the last 3 years, Garran comes in at number 53th in ACT.

Sellers are offering property buyers an average discount of -2.55% to buyers in Garran at the moment, which is less than average for the rest of ACT.

Situated 7.07km from the CBD, Garran is one of Unincorporated ACT localities in the postcode 2605.

Metrics i HOUSE UNIT
$900,000 $552,500
N/A 0.45%
-3.74% -3.07%
4.97% 3.37%
$690 $520
26 28
3.99% 4.89%
52.33 80.66

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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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
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Recent sales & rentals