ACT/
Garran

Suburb Profile

Garran - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2605

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 13.56% capital gain.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $900,000.

Profits due to an upward trend in home prices there averaged 4.52% per annum over a 3-year period.

Home owners selling their properties and realtors in GARRAN usually have to wait an average of 29.7 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $717.5 mark, reflecting a 4.15% increase in returns based on the current median price in GARRAN.

GARRAN, 2605 places 61st in Australia based on median property value growth during the quarter.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $900,000 $555,000
GROWTH REPORT
Median Quarterly -1.1% N/A
Median 12 month -5.26% -1.77%
Median 3 years 13.56% 3.71%
Median 5 years 17.8% -2.2%
10 years average annual 5.3% 2.86%
Weekly media advert. rent $717.5 $520
Time on Market 29.7 days 86.0 days
Gross Rental Yield Percent 4.15% 4.87%
demographics (median values)
Total Population
3173
Weekly Household Income
1874
Household Size
2.50
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type
promoted stories