Garbutt is a smaller suburb in Queensland within the Townsville local government area (postcode 4814). With a population of 2,309, the suburb has an established demographic with a median age of 42. Households earn a median income of $56K per year, with an average household size of 2 people. The most common occupations are community & personal service, technicians & trades, professionals. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Garbutt is $445,000, having surged 11.2% over the past year. Units have a median price of $280,000 (+20.2% YoY). The current median weekly rent is $490. This gives a gross rental yield of approximately 5.7%. The median monthly mortgage repayment is $1,300.
Garbutt is served by 1 school, including 1 primary. The average ICSEA score is 775, which is well below the national average of 1,000. The crime rate in the Townsville LGA is higher than average at 10,770 incidents per 100,000 population.
From an investment perspective, Garbutt offers a gross rental yield of 5.7%, rated as high yield. Property prices sit below the state median ($445K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 7.9x is considered moderate. House prices have moved +11.2% year-on-year.
Garbutt is a smaller suburb in Queensland within the Townsville local government area (postcode 4814). With a population of 2,309, the suburb has an established demographic with a median age of 42. Households earn a median income of $56K per year, with an average household size of 2 people. The most common occupations are community & personal service, technicians & trades, professionals. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Garbutt is $445,000, having surged 11.2% over the past year. Units have a median price of $280,000 (+20.2% YoY). The current median weekly rent is $490. This gives a gross rental yield of approximately 5.7%. The median monthly mortgage repayment is $1,300.
Garbutt is served by 1 school, including 1 primary. The average ICSEA score is 775, which is well below the national average of 1,000. The crime rate in the Townsville LGA is higher than average at 10,770 incidents per 100,000 population.
From an investment perspective, Garbutt offers a gross rental yield of 5.7%, rated as high yield. Property prices sit below the state median ($445K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 7.9x is considered moderate. House prices have moved +11.2% year-on-year.