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AREA REPORTS

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 16.74% 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 $1,020,002.

Profits due to an upward trend in home prices there averaged 5.58% per annum over a 3-year period.

Home owners selling their properties and realtors in GARRAN usually have to wait an average of 103.3 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $640 mark, reflecting a 3.26% increase in returns based on the current median price in GARRAN.

GARRAN, 2605 places 28th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT	HOUSE	UNIT
Median Price	$1,020,002	$618,000
GROWTH REPORT
Median Quarterly	1.49%	0.65%
Median 12 month	-3.77%	3.34%
Median 3 years	16.74%	11.86%
Median 5 years	9.09%	0.49%
10 years average annual	3.05%	2.66%
Weekly media advert. rent	$640	$550
Time on Market	103.3 days	78.1 days
Gross Rental Yield Percent	3.26%	4.63%

demographics (median values)

Total Population

3173

Weekly Household Income

1874

Household Size

2.50

demographics

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Having your finances in order is essential to any successful investment. Use our calculators below to help plan your investment strategy and maximise your investment potential.

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Apollo Bay

48.63%
Millers Point

47.61%
Boston

47.58%
East Bairnsdale

47.54%
Mathoura

46.21%
Tomakin

45.97%
Zeehan

45.81%
Grenfell

45.45%
Toorak

45.27%
Balwyn

44.92%

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Garran

Suburb Profile