Suburb Profile Report for Garfield VIC (3814)

Garfield House: Median price $401,750, Annual capital growth 5.70%, Number of sales 33, Weekly median advertised rent N/A

Garfield Unit: Median price $278,000, Annual capital growth N/A, Number of sales 19, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Garfield, 3814 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 10.98%.

Comparing Garfield,3814 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Garfield itself are offering an average vendor discount of -2.71% to real estate investors.

Often selling an investment property can take time, and in Garfield the average time real estate has been on the market is 90.18 days.

Property investors looking for a bargain in Garfield should be aiming for at least -1.76% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Garfield the average time real estate has been on the market is 98 days.

Metrics i HOUSE UNIT
$401,750 $278,000
1.26% -0.71%
10.98% N/A
5.70% N/A
N/A N/A
33 19
N/A N/A
90.18 98

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
Find a mortgage broker in Garfield VIC
Demographics
Total population 1466
Median household income ($/weekly) 1068
Median age of persons 38
Median housing loan repayment ($/monthly) 1638
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 231 15.8
    35-44 years 222 15.1
    45-54 years 220 15.0
    55-64 years 157 10.7
    65-74 years 142 9.7
    Others 494 33.7
    Age Group
    Census Count Percent(%)
    Registered Married 550 53.6
    Not Married 371 36.2
    Defacto Relationship 105 10.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1267 90.4
    Japan 8 0.6
    New Zealand 18 1.3
    Papua New Guinea 12 0.9
    United Kingdom 73 5.2
    Others 24 1.7
    Country of Birth
    Census Count Percent(%)
    Christianity 948 72.6
    No Religion 351 26.9
    Buddhism 6 0.5
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 46 10.2
    $400-$599 49 10.9
    $600-$799 54 12.0
    $1,000-$1,249 44 9.8
    $1,500-$1,999 65 14.5
    Others 191 42.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 404 38.1
    Not in the labour force 365 34.4
    Employed, worked part-time 223 21.0
    Employed, away from work 44 4.2
    Unemployed, looking for work 24 2.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 79 11.8
    Technicians & trades workers 138 20.7
    Community & personal service workers 72 10.8
    Clerical & administrative workers 86 12.9
    Labourers 73 10.9
    Others 219 32.8
    Occupation
    Census Count Percent(%)
    Pre-school 33 8.5
    Infants/Primary 158 40.5
    Secondary 117 30.0
    Technical or Further Educational Institution 45 11.5
    University or other Tertiary Institutions 33 8.5
    Others 4 1.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1333 97.0
    Semi-detached, row or terrace house, townhouse 28 2.0
    Flat, unit or apartment 13 0.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 238 48.0
    Fully owned 177 35.7
    Rented 77 15.5
    Other tenure type 4 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals