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Garvoc, VIC 3265

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Median House

$410,000

market range $375K-$600K

Median Unit

$280,000

list-price estimate

Gross Yield

-

1yr Growth

-

Investment snapshot for Garvoc

Garvoc has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Garvoc market and investor summary

Garvoc (VIC 3265) runs a median house price of $410K. At 3.9% vacancy, it is a softer rental market with more choice for tenants.

Demand is softer at 3.9% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 61 days on market, so plan for a slower exit if you ever need one.

Living in Garvoc: people, income and schools

Garvoc is home to around 248 people, a number that has held fairly steady over five years. The median age is 35, broadly working-age, and families account for 72% of households.

Households here earn a median of about $76,000 a year, or roughly $1,470 a week. On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to roughly 5.4 times local household income, leaving more headroom than most capital-city markets. Incomes have risen about 25% over five years, which tends to underpin what local buyers can pay.

Fixed broadband is delivered over the NBN's Fixed Wireless.

Population
248
+2% over 5yr
Median age
35 years
Median household income
$76,000/yr
Households renting
13%
Family households
72%
Socio-economic rank
7/10
ABS advantage index
Unemployment
1.8%

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Garvoc

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Frequently asked questions about Garvoc

What should I check before investing in Garvoc?

Garvoc has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.

What are typical property prices in Garvoc?

The median property price in Garvoc, VIC 3265 is $410K for houses.

How tight is the rental market in Garvoc?

The current vacancy rate in Garvoc is 3.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.

How many people live in Garvoc?

Garvoc has a population of approximately 248 residents, with a median age of 35.

Is Garvoc affordable to buy in?

A median house in Garvoc costs about 5.4 times the median local household income (more affordable than most capital-city markets). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Garvoc's population growing?

The population of Garvoc has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

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