Garran is a smaller suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2605). With a population of 3,706, the suburb has an established demographic with a median age of 41. Households earn a median income of $155K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Garran is $1.6 million, having increased 3.1% over the past year. Units have a median price of $780,000. The median weekly rent is $550 (Census 2021). This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,600.
Garran is served by 3 schools, including 2 primary, 1 special. The average ICSEA score is 1103, which is well above the national average of 1,000. Public transport access includes 27 bus stops. Healthcare facilities include 1 public and 2 private hospitals. The crime rate in the Unincorporated ACT LGA is below average at 3,481 incidents per 100,000 population.
From an investment perspective, Garran offers a gross rental yield of 1.8%, rated as low yield. Property prices are above the state median ($1.6M/$1.0M), placing it in the premium segment. The price-to-income ratio of 10.3x is considered stretched. House prices have moved +3.1% year-on-year.
Garran is a smaller suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2605). With a population of 3,706, the suburb has an established demographic with a median age of 41. Households earn a median income of $155K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Garran is $1.6 million, having increased 3.1% over the past year. Units have a median price of $780,000. The median weekly rent is $550 (Census 2021). This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,600.
Garran is served by 3 schools, including 2 primary, 1 special. The average ICSEA score is 1103, which is well above the national average of 1,000. Public transport access includes 27 bus stops. Healthcare facilities include 1 public and 2 private hospitals. The crime rate in the Unincorporated ACT LGA is below average at 3,481 incidents per 100,000 population.
From an investment perspective, Garran offers a gross rental yield of 1.8%, rated as low yield. Property prices are above the state median ($1.6M/$1.0M), placing it in the premium segment. The price-to-income ratio of 10.3x is considered stretched. House prices have moved +3.1% year-on-year.