Suburb Profile Report for Garfield VIC (3814)

Garfield House: Median price $400,000, Annual capital growth 5.49%, Number of sales 25, Weekly median advertised rent N/A

Garfield Unit: Median price $312,500, Annual capital growth 6.82%, Number of sales 12, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

Garfield has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -0.25% to date .

Taking the average capital gain, or increase in median house value, Garfield,3814 has racked up an average of -0.25% over the period. This ranks it number 2357th in the whole country for real estate investors looking at median house price increases.

Garfield3814 is located in VIC which offers an average discount of -5.04% to property investors. Garfield itself is showing figures that indicate -14.06% is the average achievable by property buyers investing in the suburb.

With a capital gain of 4.52% for the last 12 months, Garfield, 3814 has performed for property investments than its average annual 6.82% property growth over the last 5 years.

Garfield,3814 has offered an average of 4.52% return per annum in house price rises to property investors over the last three years.

Metrics i HOUSE UNIT
$400,000 $312,500
1.27% -5.30%
-0.25% 4.52%
5.49% 6.82%
N/A N/A
25 12
N/A N/A
89.77 N/A

Source: CoreLogic

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