Median Sale Price
House
-
Updated on Apr 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Apr 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $310,000 | 0.0% | $210,000 | $350,000 | 6 |
| 2010 | $380,000 | +18.4% | $215,000 | $670,000 | 28 |
| 2011 | $368,750 | -3.1% | $202,500 | $1,200,000 | 24 |
| 2012 | $365,000 | -1.0% | $235,000 | $1,200,000 | 32 |
| 2013 | $405,000 | +9.9% | $232,000 | $1,100,000 | 36 |
| 2014 | $375,000 | -8.0% | $220,000 | $1,050,000 | 19 |
| 2015 | $420,000 | +10.7% | $270,000 | $832,000 | 28 |
| 2016 | $460,000 | +8.7% | $257,000 | $942,500 | 34 |
| 2017 | $475,000 | +3.2% | $315,000 | $775,000 | 18 |
| 2018 | $575,000 | +17.4% | $425,000 | $1,130,000 | 18 |
| 2019 | $550,000 | -4.5% | $385,000 | $1,070,000 | 23 |
| 2020 | $580,000 | +5.2% | $375,000 | $850,000 | 16 |
| 2021 | $730,000 | +20.5% | $475,000 | $1,310,000 | 42 |
| 2022 | $915,000 | +20.2% | $455,000 | $2,120,000 | 35 |
| 2023 | $820,000 | -11.6% | $460,000 | $1,818,000 | 23 |
| 2024 | $676,000 | -21.3% | $460,000 | $1,700,000 | 15 |
Median Sale Price
$715K
Based on 27 recorded sales within the last 12 months
Updated on 26 Jun 2024
Suburb Growth
-33.8%
Current Median Price: $715,000
Previous Median Price: $956,333
Based on 55 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending May 2024)
Price Range Segments (12 months ending May 2024)
Median Weekly Rent Price
House
-
Updated on Apr 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Apr 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $300 | 0.0% | $170 | $350 | 10 |
| 2012 | $280 | -7.1% | $200 | $500 | 14 |
| 2013 | $290 | +3.4% | $260 | $600 | 13 |
| 2014 | $330 | +12.1% | $240 | $595 | 9 |
| 2015 | $340 | +2.9% | $260 | $700 | 14 |
| 2016 | $320 | -6.3% | $250 | $370 | 11 |
| 2017 | $340 | +5.9% | $270 | $350 | 8 |
| 2018 | $395 | +13.9% | $320 | $600 | 19 |
| 2019 | $365 | -8.2% | $290 | $550 | 15 |
| 2020 | $440 | +17.0% | $325 | $475 | 10 |
| 2021 | $460 | +4.3% | $350 | $680 | 20 |
| 2022 | $450 | -2.2% | $340 | $800 | 5 |
| 2023 | $500 | +10.0% | $390 | $550 | 10 |
| 2024 | $495 | -1.0% | $450 | $650 | 3 |
Median Rent Price
$495
per week
Based on 7 recorded rent within the last 12 months
Updated on 26 Jun 2024
Rent Price Growth
-1.0%
Current Median Rent: $495
Previous Median Rent: $500
Based on 15 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.6%
Current Median Price: $715,000
Current Median rent: $495
Based on 34 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending May 2024)
Schools closest to Garfield, VIC 3814
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Garfield Primary School | 84 RAILWAY AVENUEGarfield 3814 | Primary | Government | 0.45 km |