Suburb Profile Report for Garfield VIC (3814)

Garfield House: Median price $372,500, Annual capital growth 5.27%, Number of sales 22, Weekly median advertised rent $340

Garfield Unit: Median price $289,500, Annual capital growth 2.05%, Number of sales 20, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Garfield have tracked lower than the VIC average of 10.43% over the last 12 months.

Across a shorter period, Garfield, 3814 has seen a median price increase of -6.11% over the last quarter.

The most recent median price for Garfield is $372500, with sellers offering an average of -1.63% off the asking price.

Garfield, 3814’s gross rental yield is 4.75%

Garfield is in the bottom 20% in VIC when comparing median price capital growth over the last year. Garfield gave property investors a dismal capital gain figure when compared to the rest of the state, with -6.61%.

Garfield, 3814 is offering VIC ‘s 305th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.

Metrics i HOUSE UNIT
$372,500 $289,500
-6.11% N/A
-5.10% -6.61%
5.27% 2.05%
$340 N/A
22 20
4.75% N/A
114.87 125.75

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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