Garfield is a smaller suburb in Victoria within the Cardinia local government area (postcode 3814). With a population of 2,114, the suburb has an established demographic with a median age of 39. Households earn a median income of $87K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, professionals, managers. The top ancestries reported are Australian, English, Irish.
The median house price in Garfield is $690,000, having dropped significantly 15.3% over the past year. Units have a median price of $510,000 (-6.4% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,800.
Garfield is served by 1 school, including 1 primary. The average ICSEA score is 996, which is around the national average of 1,000. Public transport access includes 4 rail stations. The crime rate in the Cardinia LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Garfield offers a gross rental yield of 3.9%, rated as moderate yield. Property prices are near the state median ($690K/$875K). The price-to-income ratio of 7.9x is considered moderate. House prices have moved -15.3% year-on-year.
Garfield is a smaller suburb in Victoria within the Cardinia local government area (postcode 3814). With a population of 2,114, the suburb has an established demographic with a median age of 39. Households earn a median income of $87K per year, with an average household size of 2.8 people. The most common occupations are technicians & trades, professionals, managers. The top ancestries reported are Australian, English, Irish.
The median house price in Garfield is $690,000, having dropped significantly 15.3% over the past year. Units have a median price of $510,000 (-6.4% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,800.
Garfield is served by 1 school, including 1 primary. The average ICSEA score is 996, which is around the national average of 1,000. Public transport access includes 4 rail stations. The crime rate in the Cardinia LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Garfield offers a gross rental yield of 3.9%, rated as moderate yield. Property prices are near the state median ($690K/$875K). The price-to-income ratio of 7.9x is considered moderate. House prices have moved -15.3% year-on-year.