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Median values are calculated based on data over a 12 month period.

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Market Report

Garran has 34 houses available for sale. The median property price for a house is currently 1,500,000 with annual capital growth of -3.60 . There were 39 house sales in the past 12 months. On average, houses spend 41 days on market.

If you're thinking about buying an investment property in Garran, consider that rental yields for houses are currently 3.03 with an average median rent of 830 weekly. Houses have seen 0.00 growth in the past quarter, and -3.60 growth in the past 12 months.

The size of Garran is approximately 2.7 square kilometres. It has 10 parks covering nearly 36.6% of total area. The population of Garran in 2011 was 3,198 people. By 2016 the population was 3,492 showing a population growth of 9.2% in the area during that time. The predominant age group in Garran is 40-49 years.

Households in Garran are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Garran work in a professional occupation. In 2011, 64.7% of the homes in Garran were owner-occupied compared with 64.3% in 2016.

Garran has 27 units available for sale. The median property price for a unit is currently 780,000 with annual capital growth of 6.85 . There were 22 unit sales in the past 12 months. On average, units spend 42 days on market.

If you're thinking about buying an investment property in Garran, consider that rental yields for units are currently 4.54 with an average median rent of 670 weekly. Units have seen -2.50 growth in the past quarter, and 6.85 growth in the past 12 months.

The size of Garran is approximately 2.7 square kilometres. It has 10 parks covering nearly 36.6% of total area. The population of Garran in 2011 was 3,198 people. By 2016 the population was 3,492 showing a population growth of 9.2% in the area during that time. The predominant age group in Garran is 40-49 years.

Households in Garran are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Garran work in a professional occupation. In 2011, 64.7% of the homes in Garran were owner-occupied compared with 64.3% in 2016.

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Key Market Data House Unit
Median price 1,500,000 780,000
Quarterly growth 0.00 -2.50
12-month growth -3.60 +6.85
Average annual growth +8.65 +5.74
Weekly median rent 830 670
Gross rental yield 3.03 4.54
Number of Sales (12m) 39 22
Avg. Days on Market (12m) 41 42
Jump to Market Trends
Key Demographics 2011 2016
Total population 3,198 3,492
Population change (5y) +0.69 +9.20
Median household income (p/w) 2,419 2,277
Household income change (5y) +30.83 -5.87
Median age of persons 41 42
Jump to Demographics Trends
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