Suburb Profile Report for Garfield VIC (3814)

Garfield House: Median price $402,500, Annual capital growth 5.95%, Number of sales 34, Weekly median advertised rent N/A

Garfield Unit: Median price $278,000, Annual capital growth -0.75%, Number of sales 17, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

Garfield, 3814 ranked 169th in VIC when comparing growth in median property values or capital gain over the last 12 months. Garfield is one of 2098 in our list for VIC

While Garfield,3814 ranked number 412th in VIC for increase in median house value (annualised) increase, it is ranked 427th over the last 5 years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Garfield, 3814. Typically our figures indicate that -2.71% is being offered, which puts this VIC suburb at 3645th most discounted overall in Australia.

On average over the past year, suburb has had 2.83 sales per month, which equates to 34 per year.

Over the last year, property investments in Garfield, 3814 have given investors a capital gain of -2.11%. This compares badly with the 3.11% for VIC as a whole.

Across a shorter period, Garfield, 3814 has seen a median price increase of -2.28% over the last quarter.

HOUSE UNIT
$402,500 $278,000
1.45% -2.28%
12.90% -2.11%
5.95% -0.75%
N/A N/A
34 17
N/A N/A
92.32 N/A

Source: CoreLogic

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