VIC/
Garfield

Suburb Profile

Garfield - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3814

house
unit

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 5.27% growth over a ten-year period. It ranks 1471st on our list of suburbs that property investors should look into.

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

GARFIELD, 3814 has a capital gain of -5.1% for the past year, which is lower than average compared to its 6.43% growth within a five-year period.

With the median home price in GARFIELD sitting at $372,500, and the average rent at $340, property owners could potentially earn a 4.75% 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.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $372,500 $289,500
GROWTH REPORT
Median Quarterly -6.11% N/A
Median 12 month -5.1% -6.61%
Median 3 years -3.25% N/A
Median 5 years 6.43% N/A
10 years average annual 5.27% 2.05%
Weekly media advert. rent $340 N/A
Time on Market 114.8 days 125.7 days
Gross Rental Yield Percent 4.75% N/A
demographics (median values)
Total Population
1401
Weekly Household Income
977.2
Household Size
2.90
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