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Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Market Report
In Garran, the median property price for a house is currently 1,440,000 with annual capital growth of -4.79 . There were 38 house sales in the past 12 months. On average, houses spend 54 days on market.
If you're thinking about buying an investment property in Garran, consider that rental yields for houses are currently 3.07 with an average median rent of 800 weekly. Houses have seen -6.49 growth in the past quarter, and -4.79 growth in the past 12 months.
The size of Garran is approximately 2.7 square kilometres. It has 10 parks covering nearly 36.6% of total area. The population of Garran in 2011 was 3,198 people. By 2016 the population was 3,492 showing a population growth of 9.2% in the area during that time. The predominant age group in Garran is 40-49 years.
Households in Garran are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Garran work in a professional occupation. In 2011, 64.7% of the homes in Garran were owner-occupied compared with 64.3% in 2016.
In Garran, the median property price for a unit is currently 735,000 with annual capital growth of -8.13 . There were 25 unit sales in the past 12 months. On average, units spend 66 days on market.
If you're thinking about buying an investment property in Garran, consider that rental yields for units are currently 4.80 with an average median rent of 675 weekly. Units have seen -5.16 growth in the past quarter, and -8.13 growth in the past 12 months.
The size of Garran is approximately 2.7 square kilometres. It has 10 parks covering nearly 36.6% of total area. The population of Garran in 2011 was 3,198 people. By 2016 the population was 3,492 showing a population growth of 9.2% in the area during that time. The predominant age group in Garran is 40-49 years.
Households in Garran are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Garran work in a professional occupation. In 2011, 64.7% of the homes in Garran were owner-occupied compared with 64.3% in 2016.
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| Key Market Data | House | Unit |
| Median price | 1,440,000 | 735,000 |
| Quarterly growth | -6.49 | -5.16 |
| 12-month growth | -4.79 | -8.13 |
| Average annual growth | +6.88 | +4.32 |
| Weekly median rent | 800 | 675 |
| Gross rental yield | 3.07 | 4.80 |
| Number of Sales (12m) | 38 | 25 |
| Avg. Days on Market (12m) | 54 | 66 |
| Key Demographics | 2011 | 2016 |
| Total population | 3,198 | 3,492 |
| Population change (5y) | +0.69 | +9.20 |
| Median household income (p/w) | 2,419 | 2,277 |
| Household income change (5y) | +30.83 | -5.87 |
| Median age of persons | 41 | 42 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
The population of Garran was 3,492 in 2016, a +9.20 change compared to 2011.
The predominant age group in Garran is 40-49 years.
The population of Garran was 3,492 in 2016, a +9.20 change compared to 2011.
The predominant age group in Garran is 40-49 years.
Most of the population in Garran were born in Australia.
Most of the population in Garran were born in Australia.
Most of the population in Garran report their religion as No Religion.
Most of the population in Garran report their religion as No Religion.
Most of the population in Garran report their income range as 182,000 .
The median household income in Garran was 2,277 in 2016, a -5.87 change compared to 2011.
Most of the population in Garran report their income range as between 130,000 and 182,000 .
The median household income in Garran was 2,419 in 2011, a +30.83 change compared to 2006.
Most of the population in Garran work as Professional.
Most of the population in Garran work as Professional.
The chart below demonstrates the various levels of education in Garran.
The chart below demonstrates the various levels of education in Garran.
Most of the population in Garran reached a qualification level of Bachelor.
Most of the population in Garran reached a qualification level of Bachelor.
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