Property value increases in Garfield have tracked lower than the VIC average of 11.73% over the last 12 months.
While Garfield,3814 ranked number 142th in VIC for increase in median house value (annualised) increase, it is ranked 588th over the last 5 years.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 5.58%, investors should hope to achieve an overall return of 4.16%
Giving property investors a a stable capital gain of 12.07% for the last year, Garfield, 3814 is the 412th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Garfield,3814 has racked up an average of 12.07% over the period. This ranks it number 870th in the whole country for real estate investors looking at median house price increases.