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Garfield
AREA REPORTS

Garfield

Garfield - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3814

house

Based on its average 5-year and quarterly capital gains GARFIELD, 3814 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that GARFIELD, 3814 obtained a 8.61% growth over a ten-year period. It ranks 553rd on our list of suburbs that property investors should look into.

GARFIELD, 3814 in VIC belongs to the local government area of Cardinia (S).

GARFIELD, 3814 has a capital gain of 19.35% for the past year, which is higher than average compared to its 60.66% growth within a five-year period.

With the median home price in GARFIELD sitting at $731,000, and the average rent at $460, property owners could potentially earn a 3.27% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in GARFIELD are low, as opposed to average gains per annum over the past five years.

Data report can be found below

Garfield
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $731,000 N/A
GROWTH REPORT
Median Quarterly 5.18% N/A
Median 12 month 19.35% N/A
Median 3 years 36% N/A
Median 5 years 60.66% N/A
10 years average annual 8.61% N/A
Weekly media advert. rent $460 N/A
Time on Market 19.3 days N/A
Gross Rental Yield Percent 3.27% N/A
demographics (median values)*
Total Population
2255
Weekly Household Income
1403
Household Size
2.80
Age
40
Monthly Loan Repayment
1733
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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